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. 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. Furthermore all of the indicators led to substantial drawdowns of between 20 to 30.
Surprisingly the rest of the technical indicators were a lot less profitable with the stochastic indicator showing a return of negative 20 72. Over 5 years that gives us an average of just over 6 per year. It generated a total profit of 30 341 or 30 35.
Test the shit out of these. Get yourself a forex volume indicator. We need volume and we re not getting good trade entries without it.
If you want to really land on the best volume indicator here one you ll ride with for a long time this is the optimal way to do it in my opinion. It is a good signal for those who have a short position to collect their profit or. They just show the volume of the transactions handled through the broker s platform.
However these indicators simply mean nothing. The conclusion is that brokers can create some innovative forex volume indicators to attract more clients and customers. 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.
Good volume indicator forex. The volume indicator forex used to read a volume in the forex market is the chaikin money flow indicator cmf. The chaikin money flow indicator was developed by trading guru marc chaikin who was coached by the most successful institutional investors in the world. Volume indicators are used to determine investors interest in the market. 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.
In forex volume data represents total number of quotes for the specified time period. Forex market is decentralized so it s not possible to count all the contracts and their sizes like it s done at stock markets. As a result forex traders use indicators of tick volume.
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.
