Discover the best volume indicators to incorporate in your price action trading strategies fx. Volume based trading is the technique of assessing the health of a trend based on volume activity. Metatrader measures the number of ticks during a single period of time.
A tick is any single change or movement in the quote up or down. As a result forex traders use indicators of tick volume. Forex market is decentralized so it s not possible to count all the contracts and their sizes like it s done at stock markets.
The chaikin money flow indicator was developed by trading guru marc chaikin who was coached by the most successful institutional investors in the world. The volume indicator forex used to read a volume in the forex market is the chaikin money flow indicator cmf. When it comes to the volumes tick and futures volumes are typically implied contents.
Forex volumes indicator represents a histogram showing the number or the volume of trades made in the forex market over a certain period of time usually candlesticks. Better volume new alerts indicator. Volume x3 da tt indicator.
Volume rv mtf indicator. In forex volume data represents total number of quotes for the specified time period. High volume especially near important market levels suggests a possible start of a new trend while low volume suggests traders uncertainty and or no interest in a particular market.
Volume indicators are used to determine investors interest in the market. Spot gold and silver contracts are not subject to regulation under the u s. Forex trading involves significant risk of loss and is not suitable for all investors.
