volume. The indicator is designed as a complement to the indicator Raiway Better Volume.4 volumes (located in the archive). A close look on the left side of the chart shows the OBV mimicking price. First, they define the area surrounding the zero level. This kind of trial and error can be expensive with real money, though which is why it's so useful to have a risk-free sandbox to play around in, such as our demo trading account. Or, in plain English, it offers an educated guess about the total volume. But, the Forex market changed since automated trading grew in popularity.
Or, to spot reversals. The standard interpretation is to analyze a trend with the volume indicator. Because of these characteristics, it mirrors price action.
You'll find that the standard indicators that come with the MetaTrader 4 are broadly divided into four categories in the. As the image shows, the Forex volumes indicator in MT 4 uses two colours. A green bar indicates that the volume was greater for that candle than the volume.
Not the retail trader. The number of ticks within a bar is the yardstick that is conventionally used to assign a value for Forex volume. We forex dove impostare stop los all know that the Forex market is complex. As such, they use the volume as a confirmation of their strategy. After all, Japanese candlesticks techniques deal with a candles ranges (spreads/shadows) and mostly shows reversal conditions. And, where it doesnt. Volume Trading Strategies VSA Explained VSA works in all markets. The formula goes like this: volume indicator total value/number of transactions during a given period. As mentioned above, the Forex volume you see is just the one traded at your broker.