in Forex, I do not believe in applying full blown volume-based trading strategies such as volume spread analysis (VSA) that is used often in centralized markets with known real volumes. Otherwise value equals zero Ultra High - Displays values of ultra high zone. 1 - 6 according the zone. Tick volume indicates the number of deals concluded over a certain intraday period, but does not show the number of contracts per deal. It is reasonable to assume that if price is trading in the right direction, traders should have a keen interest in pushing their order buttons, hence propelling order flow as well as tick volume (price should move more rapidly covering a higher tick count). The two are vastly different interpretations of the phenomena but the argument going with tick volumes in Forex and also perhaps what made them an acceptable trading tool among Forex traders is that for a decentralized over the counter (OTC) market like Forex,. However, it is a valuable indicator because only it allows you to measure the volume with less delay, although at the expense of accuracy. Color_Text - Color of indicator text, color_MA_Line - Color of MA line, color_Ultra_Low - Color of ultra low histogram.
The indicator Volume Forex allows to evaluate a processing techniques of tick data the attention level of «active money» to this asset profitable to use.
Tick volume is measuring every trade wheth er up or down and the volume that accompanies those trades for a given.
So really, volume-based indicators for Forex should be more properly referred to a s tick volume indicators.
I would caution against using tick volume information as the sole trigger to a trade, but when equipped with other aspects, it can serve as a killer filtering tool helping you choose the best of the best trades. Lets use tick volumes to deduce price action moves on this one: You can see pairing tick volume information with other powerful bits of price action information like horizontal support and resistance levels can help expand your understanding of why the market is moving the. We are looking at the EUR/GBP daily chart with an interesting range-bound market stuck within the.7000 and the.7500 price levels. Real volume as used in other markets like stocks is, of course, the number of units of the trading instrument actually traded in a given time period. This indicator can calculate moving average by four methods: SMA - Simple Moving Average, sMMA - Smoothed Moving Average, eMA - Exponential Moving Average.
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