BETTER VOLUME - Forex Forum

mjackson · #1 (**permalink**) 15th October 2011, 00:44

This is one of indicators that I use...it was created here http://emini-watch.com/ for trade station then someone coded it for MT4...It shows market activities. I would like to have it for MT5...Thank you.

Enivid · #2 (**permalink**) 15th October 2011, 10:34

Any Forex indicators that are using Volume are pretty useless.

mjackson · #3 (**permalink**) 16th October 2011, 08:52

Quote:

Originally Posted by Enivid

Any Forex indicators that are using Volume are pretty useless.

I have no intention to change your mind about volume in Forex...Volume itself as a number is not important, it is activity that matters ...you compare volumes ( activities) and you can see what that activities do to price... so you can find out what professionals do...this requires learning ...and practising...I understand that is easier to use MA than volume. If you are not familiar with something it dsoesn't mean that is not good.

Kindly convert those indicators ( one is better volume and other two paint price bar as is better volume) to MT5. Two indicators for price bars can be only one in MT5.. it is two in MT4 because of buffer 8 or something...

Enivid · #4 (**permalink**) 16th October 2011, 09:10

MT4 volume doesn't really represent anything. Yes, it depends on the number of ticks during the period, but it's different in every broker and has not connection with reality but rather with the data feed connection type of the particular broker. You'd better use volumes of the ICE currency futures or something like that.

I will convert them if I'll have time for that.

mjackson · #5 (**permalink**) 16th October 2011, 16:01

Quote:

Originally Posted by Enivid

....I will convert them if I'll have time for that.

Brokers who provide volume are different story. I use esignal which use 200 banks to provide data and then compare with broker's volume for best match.

Those are good: Best Direct, Windsor Brokers, Interbankfx and Ducaskopy.

Intrpretation of signal entirely depends on trader...There are traders who make money using MA and there are othres who funds them.

mjackson · #6 (**permalink**) 25th November 2011, 16:59

So now is time for Better volume?

mjackson · #7 (**permalink**) 18th December 2011, 02:38

Better Volume and RSX...

mjackson · #8 (**permalink**) 21st December 2011, 22:50

I wanted to upload this file which is description of Better volume indicator Better_Volume_Indicator.pdf. ..But got this message:

Your file of 335.1 KB bytes exceeds the forum's limit of 19.5 KB for this filetype.

Enivid · #9 (**permalink**) 22nd December 2011, 09:29

Fixed.

mjackson · #10 (**permalink**) 22nd December 2011, 10:34

Please see attached file...

Indicator is modified and meaning of colors is little different then in document:

buying climax : Red
selling climax: White
climax(buying/selling) +Hi Churn: Magenta
Hi Churn: Green
Low volume: Yellow

Everything else is as is in document...

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