Discussion in 'Indicators and Charting' started by ForexisLIFE, Sep 20, 2018.
What is your favourite indicator?
Price, Volume, and VWAP.
Pls explain how you use each.
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:
You can google VWAP or search it on investopedia to understand why it's important.
Price and Time, that's it
Yeah, I am moving towards just that atm
this takes skill ! good on ya
What Volume indicator is the best for MT4 platform?
MT4 doesn't have real volume.. everything is based off tick counts in MT4. So technically: No indicator is best for volume.
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