[Mike]

Testing out the Ultimate Trading Volume Indicator for mt4 on USDCHF MARCH 16.




I like to do this in time lapse with no commentary because it gives us an entire night's look into what an indicator can and can not help us with in just a few seconds rather than sitting in front of the chart for hours.

[FOREX_MASTER]

Another useless indicator...

I repeat...

This is all for the birds...

Do you even know why they use this?

When you're trading Currencies with any broker you are in the dark as to what the status of volume is.

Making matters worse, low volume can make price go up or down. Worse yet, price can go up on high or low volume. So what is one to do?

NOT LOOK AT VOLUME!

You don't know if an indicator for volume is traders jumping in to ride the move more or expecting a reversal!

[BudFoxFx]

Still, I think volume has a place in Forex. Just because you don't like it... you catch my drift?

[Keefu]

Is there anything else that tell you the levels for volume?

There must be an indicator for volume levels in mt4...

[BuyHigh]

I had been using TRO's better volume indicator

[Walid.K]

Another useless indicator...

I repeat...

This is all for the birds...

Do you even know why they use this?

When you're trading Currencies with any broker you are in the dark as to what the status of volume is.

Making matters worse, low volume can make price go up or down. Worse yet, price can go up on high or low volume. So what is one to do?

NOT LOOK AT VOLUME!

You don't know if an indicator for volume is traders jumping in to ride the move more or expecting a reversal!

How can you say volume is not important?

[DickP]

Still, I think volume has a place in Forex. Just because you don't like it... you catch my drift?

When a large trading volume forms a trend, meaning if it starts to move price upwards or downwards, the trend is considered stronger and more credible than if only a few investors (weak trading volumes) are determining the change.

Read more: http://stocks.investopedia.com/stock...#ixzz1mvh9Thfa