within each bar would be a nightmare as a manual task. The current version differs from the previous one by more powerful customization capabilities and best suits for intraday trading. Green bar indicates an increase in the number of ticks for the selected currency pair in the market over the last hour as compared to the previous one. But if we are solely focussed on volume, then the best volume indicator is the one selected in the image. Forex Volume Indicators: The methodology of using Volume indicators. The rest of indicators are based on tick volumes. The price reversal may happen later due to the effect of the market inertia. Blue bar means that nothing special has happened in the market and volumes of trades match the standard values for their time period.
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Consider the downward move between the two dotted lines in the hourly GBP/USD chart below: Notice how volume is not increasing as this move progresses? If volumes remain high (or increase) as prices move in the direction of the trend, we can infer that the trend is in good health. Trading volumes that always have an immense impact on price direction, forming and fading of trends. There's a catch when it comes to getting hold of this data for. We hope this has been a useful rundown of the volumes indicator in MT4 and that it helps you on your way to a fruitful trading experience.
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