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Installing and configuring – Tick Volumes

Is Forex volume reliable?.

Tick volume is measuring every trade whether up or down and the volume that accompanies those trades for a given time period. If you are a day trader or a short term swing trader, tick volume analysis will assist you in sizing up the market on an intraday basis. diwaliwishes2017.ml Free Indicators, Trading Systems & Expert Advisors for MetaTrader 4 & 5.

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It is a well-known fact that volume, as you see on your Forex pairs, is actually not ‘true’ volume and is really only ‘tick volume’ implying simply the number of ticks that price moved in that given time frame.

Not all VSA traders or techniques are the same. Some are incredibly software driven and complex, whereas I like to keep it simple. This simpler approach yields results.

A simpler approach is reflected in the charts. We have price candles, volume bars, and Forex tick volume can be read as an accurate indicator of institutional or Smart Money strength 3. Huzefa Hamid is the co-founder of TheForexRoom. Huzefa Hamid For a currency to be traded and for its price to move from one level to another, volume is required. Why is volume important to understand? Is Forex volume reliable? When analyzing the market at large, traders often focus on pivot points to look for changes or continuation in trends.

This is where all the money is made and lost. In order to trade this effectively a trader will want to obtain an edge that will assist them in determining whether a pivot has the strength to hold the current trend. While many traders have access to volume on a chart, the one thing that volume charts do not show you is the volume that takes place at a given price.

Would you want to buy a break of the last swing point, if you knew that it was broken on high volume? Well maybe you would, but it does not hurt to know what is going on at this critical level. Tick volume provides traders with this detailed breakdown of the trading activity at a given level. Tick volume is critical for futures traders, because it is used to assess pivot points, since tick volume is not available for the futures markets.

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Tick Volume Definition

Some are incredibly software driven and complex, whereas I like to keep it simple. ConvertTicksFile The converter of the tick files created with the Ticks collector into different data representation formats.

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