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Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, May 26, 2011.
Please use this thread for questions, answers, and comments on this lesson.
Where to download derivative indicator MT4?
Thank you Sive for the sharing...
I have a volume indicator. I am looking for MT4 derivative indicator.
I did find a derivative oscillator. Is it the same?
You mean the same to Tick volume?
Unfortunately I'm not very familiar with derrivative oscillator. But on spot forex there are some problems to use any volume indicators. For more detais re-read comparison Spot Forex with Futures and stock markets.
Hi, regarding short range candle illustrated in chart#3:
At condition no 3, you say that tick volume during this period should be at least 50% greater than average trading volume during the period.
The first period I gather refers to the period of the candle, but what is the second period? Where do I see this average? Does it have something to do with the red bars? I don't understand the definition given for that derivative indicator.
If you will take a look at volumes during the previous (almost a year) you'll see that average volume is about the half of current bar. THis is a bit advanced approach and you will not find it very often on the market.
Besides, on Forex it is almost impossible, since you can't see overall trading volume of spot forex market.
nice and informative..
Could a lot of this volume be bears stop losses being hit, and short covering at support?