volume. You can use weekly bars or daily, it doesnt matter, but sometimes a really strong candle signal will appear on the weekly charts too. This is how the markets have been moving for more than 100 years. The Chaikin indicator will add additional value to your trading because you now have a window into the volume activity canadian forex currency exchange the same way you have when you trade stocks. A long upper shadow with very little lower shadow indicates buyers tried to push the price up, but ultimately the sellers succeeded in pushing the price back down and were strong at the close. Reload this page with location filtering off. Nasdaq data is at least 15 minutes delayed. With a wealth of data hidden within each candle, the patterns form the basis for many a trade or trading strategy. Conversely, on sell-offs the Chaikin volume indicator should be below the zero line.
Atr_multiple : default.5, this is the actual trigger for trade open/close. For larger time frames this multiplier will get smaller, for smaller time frames it should be bigger. And the system will use this volume for all trades. Better volume, forex, indicator is no exception to this rule. Actually, any volume indicator provides green: appears before the completion of the trend.
Note* the above was an example of a BUY trade using the best volume indicator. Lets examine the signals of the Forex volume indicator and learn to read them. Obviously that we would need to wait for the candle close to confirm the Chaikin break above the zero line. Moving Averages Moving averages are another good way to help weed out bad candlestick signals. Another confirming indication that a doji is a strong signal and not a fake one is volume. When the Chaikin indicator breaks back above the zero line, it signals an imminent rally as the smart money are trying to markup the price again. The 5 year chart is where I draw support, resistance and trend lines that will have the most importance in my later analysis.