KT Forex Volume Indicator
MT4/MT5 [Free Download]

Using the Tick Volume

Unlike other markets, the spot Forex market is not centralized; hence, getting the real and accurate volume data is very difficult for the retail traders.

Caspar Marney a veteran forex trader submitted a research paper in 2011, concluded a high level of accuracy and correlation between the tick volume and actual traded volume.

Features of KT Forex Volume Indicator

• Avoid the bad trades by confirming them using the tick volume data.
• It helps you to stay on the side of big players.
• All Metatrader alerts are included.

Histogram Formula

This is one of the best forex volume indicator which is derived using the Chaikin oscillator. The Chaikin oscillator was developed by Marc Chaikin. It is calculated by measuring the accumulation distribution of fast and slow moving average.

While the Chaikin oscillator and VWAP (volume-weighted average price) are not directly related, both indicators can provide valuable information when analyzing financial markets, including the Forex market.

N = [(Close-Low) - (High-Close)]/High-Low
M = N * Volume(Period)
ADL = M(Period−1)+M(Period)
CO = (Fast EMA of ADL)−(Slow EMA of ADL)

Where:
N = Money flow multiplier
M = Money flow volume or money flow index
ADL = Accumulation distribution line
CO = Chaikin oscillator

Pro Tip

For a better and more accurate analysis, you can combine it with the KT Xmaster Formula indicator.