Can anyone explain how VOLUME INDICATORS work. I’m having difficulty reading/understanding the histogram. Does each line represent how much volume has been traded?
I’m looking for a good Volume indicator, something simple to understand and use. Cheers
Do you mean for equities? I don’t think forex has such indicators being that forex is not “centralized.”
As @dariousforex mentioned for forex you will see only broker specific data and for equities might be again broker specific and won’t tell you anything. You will be wasting your time trying to understand that. There is no need for any indicator on your chart. Price action tells you everything you need to know. If it doesn’t then wait until it says something.
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