Forex Volume Indicators.
rogaineformen.cf Free Indicators, Trading Systems & Expert Advisors for MetaTrader 4 & 5. 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.
It just deals with visual interpretation. Structural Pivot is nothing but a price-bar formation, widely-used in technical analysis. It indicates a clear real-time signal of support and resistance.
For the composition of Pivot, minimum three bars are needed. In order to show support-resistance, Pivot Low-high are used to draw trendlines. Here, support indicates Pivot Low and resistance is Pivot High.
As you can see there is a clear indication of support and resistance level here. The green lines are the support while orange is resistance level. You can download the code by yourself. Just copy the link and put it in formula editor of Amibroker. Sudden and vigorous increase in Volume may signal for an upcoming reversal, while gradual decreasing in Volume may still be supported by rapid price moves.
Volume indeed cannot be calculated based on the number of contracts traded and the size of those contracts since Forex market is decentralized by its nature. Volume is calculated based on price ticks. As price changes back and forth, volume adds up. High volume will have lots of such simple tick shifts, while low volume - very little. I've been trading in stocks for the past 7 years using only price, volume and OBV and it has worked very well for me.
My question is,will this type of analysis also work in Forex? There is an important volume index that doesn t appear in the list: I use it for the last year at to me, it is the best volume indicator in the market, since it takes into account not only the pips fluctation accumulation but also the intensity of the variation of each movement of each movement of the cursor price. Combined with a couple other indicators to measure the trend and the momentum and then you have a very stable trading system.
Thank you, the indicator has been added. I've looked everywhere for the Chaikin Money Flow Indicator and can't find anything! First time I've failed to find what I was looking for. Can you help please? Can't guarantee the date. Point and figure I don't have, sorry.
In order to show support-resistance, Pivot Low-high are used to draw trendlines.
First time I've failed to find what I was looking for. I've been trading in stocks for the past 7 years using only price, volume and OBV and it has worked very well for me.