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Advanced Accumulated Currency Volume

This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features along with a new formula. Imagine how your profitability will improve when you are able to pinpoint trade setups with a higher probability?

The Advanced Accumulated Currency Volume Indicator is specialized for the main 28 Forex pairs and works on all time frames. It is a new formula that on a single chart extracts all the CURRENCY VOLUME (C-Volume) of AUD, CAD, CHF, EUR, GBP, JPY, NZD, and USD. This is a great advantage in trading. Volume traders will know how to use it. If you are new then learn how to read the extreme values and add it to your trading arsenal.

Think of C-Volume as a shield, not as a gun.

A warning sign will show on the main chart warning you to get into wrong trades.

This is not the commonly used simple Volume of a pair. The Forex market is scanned and volume for each CURRENCY is extracted and accumulated to C-Volume. We now can see which currencies have the highest or lowest volume. We can see on a single chart what is going on within all 28 Forex pairs. If EURO has a strong spike check the EUR-pairs for possible trades. If Pound has a strong spike then check the GBP-pairs.

Built on new underlying algorithms it makes it even easier to identify potential turning points. This is because it graphically shows C-Volume spikes on a currency. These features were designed to help and keep you out of bad trades and guide you to enter pullbacks.


How to read C-Volume

Important is C-Volume for the base and quote currency of the pair. Ignore the other 6.

C-Volume is not a lagging indicator. It gives an instant warning signal and spikes outside the range are not to be ignored.

  • Do not trade on extreme high C-Volume outside of range band! It keeps you out of bad trades! Or trade the pullback.
  • Do not trade on extreme low C-Volume outside of range band.
  • Higher probability trades: Enter on rising C-Volume within the range band. Avoid trades on falling C-Volume.

In contrast to common volume, this indicator has a special formula and C-Volume can be used on a live candle. As long as the candle is open it will give an approximated value.


Indicator parameters

=== Indicator settings

  • Line width base and quote (make thicker the C-Volumes of the chart)
  • Line width other 6 (the other C-Volumes which are not part of the chart)
  • Line type dot if width=1 (use dotted line for the other 6 above)
  • show only base and quote volume (show only base and quote C-Volumes line)
  • Line Width Range (width or the range upper and lower line)
  • VolMin (%-Level of the lower range line)
  • VolMax (%-Level of the upper range line)
  • Range Period (bar period or the range lines)
  • draw on Chart high C-Volume
  • draw on Chart low C-Volume
  • Font size (The size of C-Volumes names)
  • show Bars back (how many candles back the indicator prints the currency lines)

=== Color settings

  • AUD Color (C-Volumes line colors, change to your needs)
  • CAD Color
  • CHF Color
  • EUR Color (Euro is white, please change if you use white chart background)
  • GBP Color
  • JPY Color
  • NZD Color
  • USD Color
  • Range Color
  • sign low C-Volume Color
  • sign high C-Volume Color


TIPS

  1. Use my template. (See comments)
  2. GET FIRST MT4 CHART HISTORY ! (See comments)
  3. Stay within the trend. The indicator is mostly used with one of my other specialized indicators of currency strength.
  4. Check my news and blogs on profile for trading system and trade examples.

I will always help you if you have any questions.

I wish you many green pips in the future and success to your trading career.

Best regards, Bernhard

Julian Lo
637
2017.05.22 14:04 
 

"The Forex market is scanned and volume for each CURRENCY is extracted and accumulated to C-Volume." How cool is that? I have never seen anything like this. I have at least 4 other different volume related indicators. I have tried accumulation/distribution, money flow, on-balance-volume, and price-volume analysis. Nothing can match. The only sensible one may be the market profile, but none is able to monitor 28 pairs from 8 individual currencies. Often I hear people say "This is not stock market. Volume data is useless because you will never get the true volume of the entire forex market". Think about this. The volume data from your broker are from broker's liquidity providers. There may be 12 to 20 banks who handle all the transactions for your broker and for other brokers. You are trading with other traders in this pool. The group may have different total volume than that from another group in a different corner of the world. Why should I care? If there are no more buyers in my pool due to volume exhaustion, the price will drop - within this pool. So I short the currency and make money from other traders in this pool. Besides, volume in this group is not isolated in vacuum. It goes up and down with the entire market. So, forex volume works just the same as stock market. If you use Impulse, this indicator will help you from getting into a trap. Highly recommended.

Version 1.2 - 2017.06.22
+ added warning sign in the main window when C-Volume of the base or quote currency is extremely high and outside of the range band.
+ added warning sign in the main window when C-Volume of the base or quote currency is extremely low and outside of the range band.

new input parameters:
+ draw on Chart high C-Volume
+ draw on Chart low C-Volume
+ sign low C-Volume Color
+ sign high C-Volume Color

This default values have been changed:
VolMin = 50
VolMax = 200
Range Period = 7

Now you have the drawings on the main chart and you can optimize the settings to your trading style and timeframe!