What is your favourite indicator?

FTMO Trader Scouting

jack

Administrator
Staff member
Think about it like this:

Real volume (not tick volume) shows where people are actively dealing and matching trades, thus, increased volume at given prices levels will you a hint where more interested parties are willing to deal / trade. Price discovery happens when price moves away from one area of trading interest until it finds another where people are interested in trading. Thus, we will observe that most moves start and end on increased volume:

 

jack

Administrator
Staff member
You can google VWAP or search it on investopedia to understand why it's important. :D
 

gon

Member
What Volume indicator is the best for MT4 platform?
Mt4 does not incorporate actual volume indicator and the volume displayed by MT4 is not related to the actual volumes markets have.

My advice would be checking volume in futures markets, not with Mt4. Also, not CFDs on futures, but actual futures exchanges.

For instance, you can check futures on any currency or commodity just to mention a few. And for stocks, just go and find the actual data of your choosen exchange.
 
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