What volume is the volume indicator measure in MT4 platform? - Forex Questions and Answers - FXAnswer

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What volume is the volume indicator measure in MT4 platform?

volume indicator in mt4

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Volume indicators are used to determine investors' interest in the market. High volume, especially near important market levels, suggests a possible start of a new trend, while low volume suggests traders uncertainty and/or no interest in a particular market.

In Forex, Volume data represents total number of quotes for the specified time period.

Interpretation of Volume Indicator

When Volume increases it indicates a growing interest in the market, therefore it may strengthen a main trend or start a new trend.

When Volume decreases it indicates that interest in the market is decreasing, which calls for either a trend reversal or temporary market consolidation.

Sudden and vigorous increase in Volume may signal for an upcoming reversal, while gradual decreasing in Volume may still be supported by rapid price moves.

Source(s)

http://forex-indicators.net/volume-indicators