Discover the best volume indicators to incorporate in your price action trading strategies fx trading volume that will help you to cut your losses when day trading or swing trading the forex cfd. It is currently one of the best or rather the most popular volumes indicator designed for metatrader trading terminal. Unfortunately the standard volumes mt4 indicator doesn t always meet the expectations of traders so we offer you to download an alternative indicator of volumes called better volume.
A volume indicator that mt4 traders use is similar to any volume indicator from other markets. While forex volume is a tricky concept forex volumes indicators do exist. Various volume trading strategies have appeared and evolved in time.
Traders have always been fascinated by a market s volume. 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. 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. 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.
