The notion of Volume was basically used on stock and security markets in regards to the number of trades executed within a given time interval, measured in contracts or money terms. On Forex market monetary Volume is substituted by the tick volume (number of ticks received during specified period of time) .

 

The Volume indicator in ActTrader calculates the number of ticks per candle and plots a green bar if the volume of the current candle is larger than that of the previous candle; or red bar – if the volume of the current candle is smaller than that of the previous candle.

 

Methods of use:

It is believed that the more ticks are received within a period, the more market participants have entered the market, which typically means the increasing number of orders and money volume. And vice versa: the less the number of ticks per candle, the less market participants, which means the decreasing number of orders and money volume.

 

VolumeInd