Any good volume indicator ?

angelwing2007

Miembro desde Jan 09, 2012 posts 263

Jun 28, 2013 at 18:01

Miembro desde Jan 09, 2012 posts 263

is there any good volume indicator or any equation to calculate volume of each bar properly ?

because volume indicator in MT4 or any trading platform is only calculating the amount of pips the price moved (volume increased 1 point for every 1 pips price movement).

And how do you trade using this volume indicator in MT4, is it actually useful ?

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forex_trader_28881

Miembro desde Feb 07, 2011 posts 691

Jun 29, 2013 at 04:13

Miembro desde Feb 07, 2011 posts 691

There isn't any real accurate volume data for fx. Which is why any indicator that use volume at all is useless.

ForexEASystems

Miembro desde Jun 20, 2013 posts 45

Aug 19, 2013 at 10:39

Miembro desde Jun 20, 2013 posts 45

For accurate volume information you would need to aggregate volume data from major liquidity venues. There are some websites, forexfactory, myfxbook...etc, which provide volume information. But, i am not sure how accurate these data are.

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falcon333

Miembro desde Mar 20, 2010 posts 52

Aug 19, 2013 at 18:21

Miembro desde Mar 20, 2010 posts 52

Volume in forex uses price ticks. As price changes up and down, volume adds up. High volume has lots of such simple tick shifts, while low volume has very little. What does that tell us? In theory, increasing volume indicates growing interest, buttressing an existing trend or signaling a new one. That said, I haven't been able to create or improve a system with volume indicators.

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