Watch the testing video here:
Forex Simple Volume Indicator
The Forex Simple volume indicator strategy details a step-by-step trading strategy that allows users take advantage of the strength of a trend by making use of its volume activity.
Volume is actually needed to move price from one level to another.
Big market moves are basically a result of increased activity in the market, as well as volume.
This results in increased volatility, which is a prerequisite for huge profit sharing in the forex market.
You will be able to quickly spot whether the bulls or bears are currently in control when using this strategy.
Let’s explain the rules using the trade setups within the examples below.
MetaTrader 4 Indicators: Volume_weighted_MA.ex4 (Inputs Variable Modified; Period_MA=7), Moving Average.ex4 (Parameters Modified; Period=32, MA method=Exponential, Style=Medium Blue), LinearRegSlope_v1.ex4 (Inputs Variable Modified; Length=28)
Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day, 1-Week, 1-Month
Recommended Trading Sessions: Any
Currency Pairs: Any pair
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