It is a handy tool for trend confirmation and point out reversal points. It basically gives you an idea of the total deals struck in relation to price movement of a specific asset under consideration. This is again a volume based technical analysis tool.
On balance volume indicators. Poc vah val profile high low and mid levels. Volume profile indicator v0 5 beta volume profile is suitable for day and swing trading on stock and futures markets is a volume based indicator that gives you 6 key values for each session.
A technical indicator uses a rigorous mathematical formula based on historical prices and or volume and displays the results in the form of visual representation either overlaid on top of the price or at the bottom of your window. Forex indicators are simply tools used in the technical analysis process to forecast future price movement. 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.
Better volume 1 5 alerts. 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.
Forex volume cannot be measured precisely as it is done for example in equity market where every share traded equals 1 volume and selling 200 shares means 200 in volume. To understand the nature of spike in volume before a trend reversal traders need to know how the data for volume indicator is gathered in forex. 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.
Forex volume indicator explained. Volume spread analysis as a forex volumes indicator. Volume spread analysis or vsa as it is also known is a powerful trading theory deals with interpreting candlesticks based on their volume. Williams wyckoff livermore they all played an important role in the vsa s evolution. Volume indicators are used to determine investors interest in the market.
Volume indicators are used to determine investors interest in the market. Williams wyckoff livermore they all played an important role in the vsa s evolution. Volume spread analysis or vsa as it is also known is a powerful trading theory deals with interpreting candlesticks based on their volume.
Volume spread analysis as a forex volumes indicator.
