: green color means that the volume of the current bar exceeds volume previous, red color the volume of the current bar is less, than the volume of previous. OBV marks the particular volume of the day as a bearish or bullish depending whether the day has been bearish and bullish. This will most likely not work since anNVO is only useful as a way to aid in entry selection when the price pattern we are looking for benefits from this type of criteria. HOW TO USE volume Price action is always our primary focus and we should never forget that! and one trade warrant of 100 lots as the single transaction. The points corresponding to local maxima must have a maximum volume. Pink indicates the beginning of a trend continuation or reversal. Have a great weekend and Good Trading! It is necessary only to hope that their weighted average indicators correctly reflect the general market dynamics. I hope you enjoyed this article! After a few weeks of hard work and development using normalized volume oscillators I can say that I have developed at least a couple of strategies that show long term profitable results on a basket of currency pairs.
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According to high-profile forex data published in The Microstructure Approach to Exchange Rates by Richard Lyons (page 201 the correlation coefficient between tick and money volume equals.98. How to use Volume indicator in Forex The Volume indicator in trading does not give clear signals: to make a trading decision, the comparative dynamics of the histogram of the indicator and the price chart is used. I limit the experiment only to 2013 because of a limitation of available data for futures. ( 1 votes, average:.00 out of 5) Loading. Please go to these links for detailed and in-depth information: A) How to trade with oscillators B) Keeping trading simple C) The secret in becoming the best Forex trader D) How to build a winning trading strategy accumulation/distribution Accumulation is a phase when buyers are. Height of a column of the histogram of the indicator is proportional to the tick volume of the market.