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Any good volume indicator ?
Membre depuis Jan 09, 2012
posts 262
Jun 28, 2013 at 18:01
Membre depuis Jan 09, 2012
posts 262
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 ?
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 ?
There is no religion higher than truth
Membre depuis Jun 20, 2013
posts 45
Aug 19, 2013 at 10:39
Membre depuis 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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Aug 19, 2013 at 18:21
Membre depuis Mar 20, 2010
posts 54
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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