Yes, I love volume and without I feel naked or blind, and I don't like flying blind. NTL, where to start? Volume is an huge field to play on and traders needs long long time to understand and to master. I talked to some old guys in trading and most don't use volume. Most say in FX volume makes no sense. The fewest gave it a change, but who do are astonished in the end and wonder why they have overseen it all the time. When I say volume I mean tick volume, actually I prefer ticks than real volume. When a contract is filled, the market moves and at certain spots the market oscillates quickly generating ticks, but this is nothing different as the struggle of Bulls and Bears. In trends are no struggles, that's why a trend is boring, it's just the way between struggling areas. There are some different approaches to handle volume. Volume alone makes no sense, you have to combine it with other approaches, but it will be the leading indicator. Then it helps predicting and reading the market. Volume moves price, it's the fuel or the potential flow in a physical sense.
The point is there is no possibility to automate trading with volume and there are so many indis failing with (as "volume as a base to calculate price & trend"), e.g. smoothing volume. There is a reason because there are peaks or valleys at certain spots. When you understand this you get to know what FX really is and that it is good for us that the market is 'rigged'. Volume or ticks are the footprints money maker leave and there is no other way to see that.
Re: Volume Indicators for MT4
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