6# Volume Spread Analysis
Volume indicator analysis
Submit by Forexstrategiesresources
Volume is the major indicator for the professional trader.
You have to ask yourself why the members of the self-regulated Exchanges around the world like to keep true volume information away from you as far as possible. The reason is because they know how important it is in analysing a market!
The significance and importance of volume appears little understood by most non-professional traders.
Perhaps this is because there is very little information and limited teaching available on this vital part of technical analysis. To use a chart without volume data is similar to buying an automobile without a gasoline tank.
Where volume is dealt with in other forms of technical analysis, it is often viewed in isolation, or averaged in some way across an extended timeframe.
Analysing volume, or price for that matter, is something that cannot be broken down into simple mathematical formulae...read pdf
To see Indicators, Templete and manual PDF file.
The better volume indicator
Update by joy22 25/04/2014
The Better Volume indicator uses a combination of bid/ask volume and range to identify
Volume Climax, High Volume Churn and Low Volume bars.
Market tops are characterized by Volume Climax Up bars, High Volume Churn and Low
Volume Up bars (also called Testing).
Market bottoms are characterized by Volume Climax Down bars, High Volume Churn
and Low Volume Down bars (Testing).
Pullbacks, in either up or down trends, are similar to market topping or bottoming
patterns, but shorter in duration and with simpler volume patterns.
The Better Volume indicator works in all markets and for all time frames – but is
particularly useful for tick charts.
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