Re: Volume Indicators for MT4 6 by Jimmy Quite an interesting indicator that's caught my eye. I've given it a look over and it certainly seems viable for short-term scalping. Hope you are successful with it. Re: Volume Indicators for MT4 7 by altoronto mladen wrote: altoronto Try it out now.

Re: Volume Indicators for MT4 8 by altoronto Jimmy wrote: Quite an interesting indicator that's caught my eye. i have attached few indicators from my collection for benefit of the community members.

Indicator is just a tool. Use it only if it can benefit you. Leave it if you don't know how to use it optimally. Latest posts. MT5 Volume indicators 20 Replies Views. Last post by ego eimi Thu Jun 23, am. Volume trader pressure redk-tpx indicator for mt4 by yisrael 96 Replies Views. Last post by Umberleigh Sat Jan 29, pm. Bitcoin transaction volume surpasses that of PayPal 0 Replies Views. Last post by mlawson71 Thu Dec 02, pm.

Large volume signifies that there is a large number of market participants involved, including financial institutions. Small volume tells that there are very little participants in the market, neither buyers no sellers have any significant interest in the price. In addition, no financial institutions will be involved, thus a market is going to be moved only by individual traders and so the move will be weak.

An uptrend is strong and healthy if Volume increases as price moves with the trend and decreases when the price goes counter-trend correction periods. When the price is going up and volume is decreasing, it tells traders that a trend is unlikely to continue.

Price may still attempt to increase at a slower pace, but once sellers get the grip on it which will be signified by an increase in volume on a down candle , the price will fall. A downtrend is strong and healthy if volume increases as price move lower and decrease when it begins retracing upwards. When the price is falling and volume is decreasing, the downtrend is unlikely to continue.

The price will either continue to decrease, but at a slower pace or start to rise. In the first phase on the image below blue arrows price is in a down trend, however, the volume is also decreasing.

That tells us that this trend is losing momentum and we can expect a reversal soon which it actually happened afterwards. Phase two showed progressively increasing volumes, creating a smooth up curve. This is a sign of a healthy trend. Notice the decrease in volume during corrections. Another example but this time the down trend the period marked between the vertical lines comes with increasing volume.

As you can see, after the correction happened, we saw a continuation down. 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. The Forex volume cannot be measured precisely as it is done, for example, in the Equity market, where every share traded equals 1 volume, and selling shares means in volume. Forex by nature cannot count how many contracts and what sizes of contracts were traded at any given time because the market is wide and decentralized.

As it moves up and down volume adds up. When volume rises, it means lots of participants are actively selling and buying currencies. When volume spikes at a certain price level, traders know that there was lots of interest shown by traders to that price level. If there is a lot of interest, it means the level is an important one. This simple observation of a volume indicator allows identifying important Support and Resistance levels, which would certainly play a significant role in the future.

Where Volume spikes are distinctively extreme larger than any historical spikes around — Climax Volume — traders should look for clues from the price itself. Single volume spikes only bring the price to a halt. A lot of stand-alone average volume spikes occur during fundamental economic announcements on a daily basis.

News can cause a spike in volume for a single day and then volume disappears again. Reversals, however, happen not over one day but a series of days.

If higher than average volume stays on the market for several to many days a huge volume spike — volume climax — will crown a point of market reversal. When the market is consolidating on a low volume, a sudden pick up in volume would signify that a breakout is due. Breakout occurring on rising volume is a valid breakout, while a breakout that caused no interest from traders as it is happening on a low volume is more likely a false one.

Trend Line breakout confirmed with a significant increase in Volume. False breakout predicted as Volumes were decreasing during the breakout phase. I hope you have enjoyed our volume indicator mt4 guide and explanation. Now you have learned the mt4 volume indicator, why not check out our mt4 hotkeys and mt4 shortcuts guide to really get the best out of the mt4 volumes indicator. Click To Join Our Community Telegram Group. The indicator bars are green if they are larger than the previous bar and red if it is smaller that the previous bar.

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Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. com are genuine and FTC Compliant. On Balance Volume OBV Indicator is effective, yet an easy indicator used for measuring pressure buying and selling.

OBV is cumulative in nature. There is always an increase in volume OBV total plus the volume of the day whenever the market finishes on the higher side. Also, there is a reduction in volume OBV total minus volume of the day whenever the market finishes on the lower side. The value of OBV value is plotted as a line. This makes it easy to interpret. Basically, On Balance volume Indicator is used to determine the overall price movements after divergences. On Balance Volume OBV was generated by Joe Granville.

The indicator is an ancient indicator well-known for both positive and negative volume flow. On Balance Volume OBV identifies the overall trends of the market. It can also check setups created by extra signals which depend on being able to identify the trend. Also, OBV can spot likely trend reversals.

When price movements are not established by the indicator, it is known as Divergence. OBV indicator considers volume oscillations positive and negative with price changes. The divergence amid price and OBV helps to identify possible reversals. Divergence could be bullish or bearish.

It is bullish when the price drops a lower low but OBV goes up a higher high. While a bearish divergence occurs when OBV goes lower but the price goes higher. OBV may give predictions, but a trader may likely not know the events as regards the given signal. This could result in false signals. Hence, to balance it out, the Lagging indicators can be used. By using a moving average line to the OBV in order to find out OBV line breakouts. When OBV indicator records a concurrent breakout, traders will be able to identify a breakout in the price.

The sudden increase in volume occurring during a single day can put the OBV indicator out of place. To identify the number of changes in price during one bar, the Volume Indicators are there.

Welcome again on Best MT4 Indicators! Ability to interpret the interest of investors in the forex market based on the volume of trade performed over a period is a skill every trader should possess.

Unfortunately, not everyone is able to analyze the market to determine when to trade. Nevertheless, with the best volume indicator forex , you can easily determine what goes on in the forex ecosystem and how you can leverage the system to place your trade at the right time. A good volume indicator has mostly a place in TOP 10 list off best mt4 indicators. The volume is a representation of all the trades that have been recorded for a security or currency lots in a period of time and they can be detected based on a chosen timeframe; one minute, an hour or even a day.

The volume forms indicators as they help Technical analysts interpret information about the pressure on price change. They are indicators that help spot every change in volume traded in the market, which often leads to a trend reversal. Volume also comes from the strenght off a forex pair, also called: Currency Strenght. You can read more about that on our Currency strength meter page.

When volume goes high, it is believed that the trend will stay longer for a while. This is because there is high pressure for changing the price in the direction of the present trend. At this time, traders become enthusiastic about executing their trades at the prevailing price. When volume goes low, it is believed that the current trend will soon be discontinued or reversed. This happens because there is low pressure for altering the price in the direction of the trend. At this time, traders are not keen about executing their trades at the prevailing price.

Volume indicator Forex is very sensitive to changes in the trend even before they become obvious. They can also be used to approve or discard signals produced by other indicators. It is believed that volume foregoes price. This means that a higher volume at emerging of a new trend or a lower volume at the finishing of a trend is usually as a result of major change in price. The Best Volume Indicator Forex helps to find divergences between price and volume.

If the price is still attaining higher highs, yet the volume is dropping, it is a bearish divergence. This leads to reverse in the upward trend. When if the price keeps attaining lower lows, but the volume is reducing, it is a bullish divergence and should be considered as a buy signal. There are also many people who use Forex Telegram Signals. Volume Indicators considers both. There are many Volume Indicators that can help traders in analyzing volume data. On Balance Volume OBV indicator 2.

Volume Price Trend VPT indicator 3. Volume Relative Strength Index RSI 4. Chaikin money flow indicator 5. Money flow index 6. If you are thinking of using the best volume indicator forex , then think about the OBV. On Balance Volume OBV Indicator is effective, yet an easy indicator used for measuring pressure buying and selling. OBV is cumulative in nature. There is always an increase in volume OBV total plus the volume of the day whenever the market finishes on the higher side.

Also, there is a reduction in volume OBV total minus volume of the day whenever the market finishes on the lower side. The value of OBV value is plotted as a line. This makes it easy to interpret. Basically, On Balance volume Indicator is used to determine the overall price movements after divergences. On Balance Volume OBV was generated by Joe Granville. The indicator is an ancient indicator well-known for both positive and negative volume flow.

On Balance Volume OBV identifies the overall trends of the market. It can also check setups created by extra signals which depend on being able to identify the trend. Also, OBV can spot likely trend reversals. When price movements are not established by the indicator, it is known as Divergence.

OBV indicator considers volume oscillations positive and negative with price changes. The divergence amid price and OBV helps to identify possible reversals. Divergence could be bullish or bearish. It is bullish when the price drops a lower low but OBV goes up a higher high. While a bearish divergence occurs when OBV goes lower but the price goes higher.

OBV may give predictions, but a trader may likely not know the events as regards the given signal. This could result in false signals. Hence, to balance it out, the Lagging indicators can be used.

By using a moving average line to the OBV in order to find out OBV line breakouts. When OBV indicator records a concurrent breakout, traders will be able to identify a breakout in the price. The sudden increase in volume occurring during a single day can put the OBV indicator out of place. To identify the number of changes in price during one bar, the Volume Indicators are there. They are used in collecting general market information. The best Volume indicator forex provides information such as the market trends, reversals as a result of volume spikes, and also all breakouts.

When there is an increase in Volume, it interprets an emerging interest in the market. This will mean a major trend or even a new trend start-up and when there is a reduction in Volume, it interprets a declining interest in the market. It results could either be a reversal in trend reversal or temporary consolidation of the market. BTW: We will be posting soon a special hull moving average mt4 article.

Stay tuned for that! A signal for a future reversal could be as a result of the quick and strong upsurge in Volume, while a quick price movement will be as a result of a decrease in Volume.

Here, you could find several effective indicators and tools available for every trader ready to maximize profit, so check out the link. What is Volume? Uses of the Best Volume Indicator Volume indicator Forex is very sensitive to changes in the trend even before they become obvious.

Best Volume Indicator In Forex There are many Volume Indicators that can help traders in analyzing volume data. How to calculate OBV 1. Divergence: When price movements are not established by the indicator, it is known as Divergence. Limitations of OBV OBV may give predictions, but a trader may likely not know the events as regards the given signal. Ready to see your Winning Forex Indicator?

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Big players. For the Forex trader, volume trading strategies are a bit more complicated than others. Weekly Summary And Review September 2nd September 2, When momentum changes, it is the first sign that the trend is faltering. When will be the most convenient time to contact you?

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