MT4 Volumes Indicator 101 – Everything You Must Know!

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MT4 Volumes indicator

???? What is Volumes Indicator in MT4?
►Volume Indicator shows how many times the price has changed during the given interval of time (time frame). Nothing more, nothing less.
►The volume in FX market cannot be measured same way as the Stock market for example.

???? Key Features
►Identifying false breaks with Volumes
►Confirm breakouts with Volumes
►Identify Support Resistance Zones with Volumes
►Identify Reversal/Pullback zones with Volumes

???? Breaking Down Volumes
►Large volume signifies that there is a large number of market participants involved, including financial institutions. The last ones bring the highest turnover to the market, and if they are trading, it means the interest to the price at a certain point and/or to the trend overall is high.
►Small volume tells that there are very little participants in the market, neither buyers no sellers have any significant interest in the price. In addition, no financial institutions will be involved, thus a market is going to be moved only by individual traders and so the move will be weak.
Category
Forex Indicators
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