Any good volume indicator ?

angelwing2007

Tham gia từ Jan 09, 2012 263bài viết

Jun 28, 2013 at 18:01

Tham gia từ Jan 09, 2012 263bài viết

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 ?

There is no religion higher than truth

forex_trader_28881

Tham gia từ Feb 07, 2011 691bài viết

Jun 29, 2013 at 04:13

Tham gia từ Feb 07, 2011 691bài viết

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

ForexEASystems

Tham gia từ Jun 20, 2013 45bài viết

Aug 19, 2013 at 10:39

Tham gia từ Jun 20, 2013 45bài viết

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.

“Professional Forex Trading Systems and Strategies – Developed by Traders for Traders!”

falcon333

Tham gia từ Mar 20, 2010 52bài viết

Aug 19, 2013 at 18:21

Tham gia từ Mar 20, 2010 52bài viết

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.

“Ah, but a man's reach should exceed his grasp, or what's a heaven for?” Robert Browning

EURUSD	1.1325	GBPUSD	1.33232	AUDUSD	0.6407
USDJPY	143.036	USDCAD	1.37922	USDCHF	0.82644

Advertisement