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Thread: Ultimate Trading Volume Indicator for MT4 - Live Test

      
  1. #1
    Administrator Mike's Avatar
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    Cool Ultimate Trading Volume Indicator for MT4 - Live Test

    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.

  2. #2
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    Default Re: Ultimate Trading Volume Indicator for MT4 - Live Test

    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!

  3. #3
    Don't Quote Me... BudFoxFx's Avatar
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    Default Re: Ultimate Trading Volume Indicator for MT4 - Live Test

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

  4. #4
    Show Me The Money! Keefu's Avatar
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    Default Re: Ultimate Trading Volume Indicator for MT4 - Live Test

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

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

  5. #5
    Show Me The Money! BuyHigh's Avatar
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    Default Re: Ultimate Trading Volume Indicator for MT4 - Live Test

    I had been using TRO's better volume indicator

  6. #6
    My Pip Hand Is Weak Walid.K's Avatar
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    Default Re: Ultimate Trading Volume Indicator for MT4 - Live Test

    Quote Originally Posted by FOREX_MASTER View Post
    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?

  7. #7
    Hindsight Hero! DickP's Avatar
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    Default Re: Ultimate Trading Volume Indicator for MT4 - Live Test

    Quote Originally Posted by BudFoxFx View Post
    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



    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
    -DickP, 2011

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