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To all trader who wonder about this indicator: This is not a good volume indicator! As in my backtesting it follow the price, if they drop that one big "FU" candle, this indicator also shows increase in volume. And as we NNFX trader, we know thats not a good sign.
Can someone please give a little guide on how this indi works? How it calculates?! Thanks
It does NOT repaint. The colors do not change, it changes into thick bars on three skinny bars of the same color. Good indicator.
The guy that said its a repainting indicator is stupid because he doesnt know how to use volume, this indicator is one of the best indicators ive ever downloaded, it calculates volume the same as your default volume indicator on your Mt4: the only differences is that it is color coded, but you can adjust the colors to match your candlesticks color. Like i said this is one of thee best and FREE indicators and it has made me alot profit by applying it with my trading system for conirming key areas of Reversals.
The guy that said you shouldnt download it is or was amateur trader who has No prior knowledge of Volume!
I Love this money making Indicator!!!!!
Aliev FX Volume = Repainting indicator - Do not use!!!