Volume Indicators Part 2 (And A Free Tool) 

And the punchline, if you missed it, is that ALL tools are free here.

This is without a doubt the most insightful FOREX channel I've ever come across on RU-vid. Keep it up mate.

First time I'm riding a trend till my indicator tells me not to. Price reversed back toward stop loss but did what you said...nothing. Even thought I had just serendipitously received an email signal from the "experts" at my broker saying to go the other way (followed by another email signal 2 hours later pretty much saying "my bad, exit early"). I can't even watch any other RU-vid video thinking what a load of crap. Doing the work you suggested is brutal but well worth it's weight in pips.

Thank u VP for creating this channel im a 17 year old kid who lives in namibia 🇳🇦 I learned about forex from a South African 🇿🇦 friend who told me about forex and from that day on i took it seriously 😐 i learned how to trade though youtube but when i found your RU-vid channel i found out that everything I learned was trash 🗑 🙁I literally watch all your videos and written notes 📝 and im really Lucky to find ur channel or I would be a lost cause you really changed my mind set thanks 🙏🏾

Not trying to pump VP's tires here....But the combination of your voice and how EXTREMELY well spoken you are, makes the entire learning process so much easier on EVERY YT vid and Pod. You are to the point without nonsensical rambling...Yeah VP....give me "Props" for using "nonsensical" Whoop Whoop. Traders, listen to this man, he is the shizzzzzznnniiiiittt. Figure out what he is trying to tell us!!!! Thanks again VP.

VP, I like how you have created your own society of NNFX traders, and I'm grateful to be part of that society. Thanks a lot for all you've done for us, bro.

People, listen to this man... he's a pearl in this ocean!

I can't tell you enough how appreciative I am for what you are doing here. I'm a "broken record" when it comes to this...I understand that you are not giving out your algorithm that you've spent hours, days, months, even YEARS working on. I understand why you wouldn't just give it out to us 'vultures'. You gave me a new and different way of looking at the markets. You pulled me away from all your 'dirty dozen' indicators. I was using those indicators with minimal success. You pointed me in the right direction. I am building an algorithm of my own per your help through these videos. For anyone reading this, all of VP's videos have helped me tremendously but the three MOST helpful to me were the MACD video, Volume (part one), and Volume Part two (this one). Thank you again VP. I might be thanking you after every video lol hope you don't get sick of it hahaha

I love you man. You are the best. Thank you for all the free content and great perspective on everything. I will be one of your success stories no doubt!

VP I am struggling to find a good volume indicator. I have tried all the indicators present in Mt4 code base, but many of them take out some losses and too many wins with no good results. There is some other place to look for especially volume indicators?

Hey VP! I'm addicted to your videos/content. I look forward to them every week and wish you could put out one every day! Lol I'll take quality over quantity anyday though! Great job!👍

You act like your not "the ish" on RU-vid. You show in all the top searches. Keeping it gully and making me a better trader. Thanks for doing this for guys like me, who have the heart of a lion, but not the knowledge to beat this beast. Progress not perfection is my motto! Ignore the fairies, mental strength is key in this game! You got it. I am a fan. Do you!

Good video! let me add one more tip: Do not trade what you feel, trade what you see...

After watching both volumes videos I started messing around with the chaikin Volatility indicator. plugging it in raised my win percentage by 7% in my backtesting so that's pretty cool. Thanks for the great info! :)

Only a politician would want Option A.😏

can you plz make a video, explaining all about how to read the barchart.com and with other currencies?

Amazing free education, Thank u so much. Been watching this for 8 hours today. cool.

thanx for your time! the least I can do, is to like and comment on your videos! I have been trading for 15 years and from I start to follow you, I have increased in my wins with over 40%. So THANX!!!

What irks me right now is that I haven't found an exit indicator better than my entry. I did find a volatility indicator which is workable but the search for an exit indicator is pretty hard hahahaha

I swear if I see Jason Bond's sweaty face popping up at me one more time telling me to "not overcomplicate my trading", I am going to scream. Oh, the irony when watching NNF. Dear Jason Bond - No.

OMFG. If you're ever going to give one of your Top 50 indicators, let it be a volume indicator. I can't find a good one.

Great tool! I use it everyday, and I am very comfortable with it. It helps me figure out the risk percentage I'll put on my trades, since last May I haven't been allowed to go full risk. I use to scale it from 1-1.5-1.75 & 2% depending on the number this tool gives. Awesome man, thank you VP!

Dude, why dou u use the 6M chart???? What if u not trading Euro pairs???....What's your thoughts about the good old TDI indicator???? 😀😀

As a newbie in forex, and with all forex video's i've seen, it never "clicked". VP, you make things "click". Thank you !

These volume videos are literally some of the greatest information you could have while trading forex. "When not to trade"

hey VP, i might sound a bit stupid but which pair is $EVZ used for? all of them?

VP is the best mentor out there love your channel all the way from South Africa

@UC_X1McX9oKAupiHABrTUxnA and others. There is a ATR with EMA free indicator on the MQl4 Indicators website. Search for "ATR plus moving average ". I have not started testing it yet but posted so others could do so if they like. From the chart example it looks like it does exactly what Oswaldo suggested. Cheers!

A Bill Williams "Awesome Oscillator" (AO in MT4) works for me and better to follow than any ADX indicator.

Me after VP video, "The more I learn, the more I realize how much I don't know"

how about calling this category Volutility? :)

My question is, The bar chart, does this guide you for all pairs? Or certain ones? As when we open this up, it states a figure, if the figure is below 8 (in your example) we don’t trade full risk on any pair?

Option B! Option B!

so VP, i love this indicator, but can it be used to accertain volitility in stocks and currency trading in prs that are not EUR USD? sorry, it seems like a half silly question, but that is why i am asking as i am a bit confused on what it can be applied to and what not? tx

I did some research, read the comments too and found BPVIX for pound, the JYVIX for yen and VIX that seems to be for USD. You can even place them all on the same chart and compare them. I am still trying to figure out how I can get value out of them (single or compared use). Here is where I found them www.cboe.com/products/vix-index-volatility/volatility-on-currencies. If any ideas from anybody, feel free and reply.

Hey brother, I've been watching your videos and listening to your podcasts for almost a year now And I love your content. Although I am having difficulty understanding this tool. In this video you explained how the ATR would have to tediously be adjusted, if i use the Bar chart to read volumes of other pairs wouldn't I need to adjust it as well?

legit shocking the amount of positive feedback. so inspiring. amazing how many people feel the same way! some people are just amazing teachers.

LOOKING FOR A GREAT VOLUME INDICATOR HAS BRRN THE HARDEST CHALLENGE DURING THIS WHOLE ALGORITHM I'VE BEEN LOOKING FOR MONTHS! :(((((((( PLEASE PLEASE PLEASE COULD SOMEONE POINT ME IN THE RIGHT DIRECTION.

I haven't been able to find a good volume indicator like you mentioned but I might just found a good volatility indicator thanks to the suggestion given by your subscribers. Thanks a lot VP for your continuing guidance!

My favorite part was when VP asked “do you want to sit here and argue my definition of things... cause I got time 😎💯” spicy 😂

Another insightful video from you VP! the $evz chart is supposed to give efficient information on volume which will help our long game on the long run but on how many curriences does the information apply to?

Hi NNFX Family, I'm Grant from Victoria, Australia, and have recently subscribed. Have been stupidly only trading the AUD/USD on the side of my full time career, for 15 years or so now, with nothing to show for it, except a lot of understanding and knowledge on TA. I've been devouring VP's videos and can't get enough of it, as my eyes are truly getting opened at last. Look forward to soaking up as much advice and direction from you all and am loving the discoveries I'm finding as I do my own testing/trialling as per VP's approach to successful trading

Good stuff .Slowly putting the puzzle together .So much work left to do .I dont care If I have to test for the next 2 years , I will get this. Thanks for ATR hint too

my hero used to be super man, its now VP Legend, love what your doing bro, keep it up.

Thanks for all your video's, podcasts and blog. You really made me see the value of backtesting.

Thanks for the video! Just one thing i don’t get and sorry if its crystal clear explained. But when checking out the volume $EVZ does that count for all 28 forex pairs? Or better said based on the $EVZ is how you look at the 27 pairs you trade? Thank you

Hey after some research i found another useful tool for me. Along with or instead of EVZ, I use DBV (g10 currency basket) to gauge volatility.

Thank you for this informative video. I am sorry, but am a little confused at the moment. The $EVZ applies to all pairings within the market? I understand the 8.0 rule (or whatever works for people), but if I am looking at say....NZD/JPY or USD/CAD does that chart/number still apply or ONLY for pairings that incorporate the EUR or perhaps the GBP ? I appreciate the help here, I just want to make sure I am using it correctly. Thank you again.

Very little oxygen ($evz) lately. I'm using everything to cut losers and add winners. Thank you VP!

A bit confused by the line on the volume indicators. In the previous volume indicator video, you tell us to put a line on the ADX indicator, but you tell us ATR is a bad volume indicator because it requires a line. Additionally, a lot of volume/volatility indicators I've found also require that I put a line somewhere. Should I be looking for a two-lines cross or a chart volume indicator?

But if you trade the daily chart then you would be expected to be in the trade for for days. You can not get into a trade today because the daily volatility was not going to close below 8 but that doesn't say anything about tomorrow or the next day etc. Likewise you can take a position because you saw one of those spikes as you got your entry criteria but then the volatility might drop off the very next day. I don't get it

15:45 I dont think i will ever talk about thia again !!! I saw Vp in my dream, You will upload a video Just based on $EVG on 16th dec 2020

Hi VP, I'm currently in the midst of backtesting how effective mixing the Volume Price Indicator (VPT) & a simple MA is to help identify better signals for entries. (taking what you've mentioned previously about combing cross signals and such ), what has been your experience with VPT?, would you consider it within your top 100-200 or so indicators or one for the trash? - thanks for the great videos!

For all of VP's followers and guys wanting to learn the N.N.F way, I find this as a good information resource for volatility in retail spot. You can adjust to pips or percentage, (I find percentage most useful for my system) You also have each currency right in front of you to compare base currency in other pairs. (now note, that is NOT and should NOT be the deciding factor in the trade. The correlation is only relevant if the pair you are looking to trade is the ONLY one that the base currency is performing against, then you would look to the correlating quote currency for weakness in other pairs) So in summary this assists me in Volume/position size for a given pair and thus reduces my probability of a loss. When my monthly performance is the way I pay my bills and also keep my position within the firm, limiting losses AND limiting draw-down is essential. I do not have any margin/leverage to play with and there are no stops in my world, if I am wrong then I am wrong in a big way and I severely get my arse chewed. If any of you question VP and his methods, then you are in the 99% list.. The N.N.F way and VP, is the only way to make money in retail FX, EVERYTHING he says about the banks is true, EVERYTHING.. I am privileged enough to get direct feeds and view near close enough to the same information the banks get.. The below link is RETAIL information only... to know the bank information and how much volume there really is in the market, then learn, become great, and get picked by a large firm. Cheers VP.. My firm will not allow me to do what you are doing and I also am restricted in revealing identity of the firm. Kudos for the work you have put in here.. but in reality my 10years is almost up at the firm, and at 40 odd years of age, I have enough now to be done for good while my lovely wife and I enjoy retirement www.myfxbook.com/forex-market/volatility

Relevant points here, volatility in simple terms is telling you something is happening, you couple it with time, volume (if needed) and key points and you can start to build your strategy. This is why we base our strategy around volatility and created an indicator for this goal.

Option A or B....nice one! Thanks again.

hey man quite late doubt ur gonna reply but that barchart tool is so low compared to where it was xD like down just above 4 xD

Hi vp you are best in forex encouragement...you gave me alot of hope and am very optimistic on making it....just be ready for kenyan safari...i will show you around as a sign of thanks

Volume Profile indictors, Volume PriceOfControl (VPOC) is great imo. Works with high and low volume nodes and a price control range. But so far only found expensive ones. Some MarketVolume experts do about the same, but lag quite a lot. Any comments on this indicator VP ? Thanks so far for sharing all the wealth of info.

That's a good point. Looking back on when I first started learning.. The difference in definitions was hard to understand until I took some bad trades and had to understand why. Volume can create volitility, or it can smooth it. Can get caught up on that.. Or just call it "juice, gas in the tank," and have everyone look for the right thing. Subtle but important. Good job. The daily timeframe smoothes out most of the dangerous volitility where spread would kill you on a lower timeframe too. Little things no one told me when I first started. School of hard knocks.

One could use atr(200) as a reference line. I'm testing it now on TV, it looks fine. do u plan to have a place where we can share our studying results? i've got a lot of stuff already. we can join our efforts to come up with a super scheme. Anyway many thanks for your hints.

I tried the ATR but with a moving average across it. It sorta worked, but was not great. Looking for something better.

With the VIX at record lows as the market continues to soar do you still advise trading at lower risk against this chart?

does the $EVZ tool only work for Euro pairs?

Can anybody - anybody at all - help explain why when I download the indicator file to my Mac I only get the Mq4 file and not the ex4 file. I can't seem to add the mq4 file on it's own to MT4. Do I need to convert the file? Can't seem to find answers on YT and I want to get testing! Yes I'm technologically challenged so no judgements please!

OPTION B :) - thank you VP, once again, very helpful video. $EVZ is new to me.

Hey VP :) I have a quick question. The EVZ tool is only applicable to Euro pairs, right? Thank you so much for everything you are doing :)

i wanted option A actually. shout out South Africa and thank you for all these educational videos.

I’ve got a question; since FX is not a centralized market, the volume comes from the brokers i.e the amount of retail traders that are affiliated with that particular broker (right?). So if a volatitilty/volume indicator makes a move, doens’t it move because retail traders make a directional move (long or short)? But we know that ‘The Big Banks’ move price & I don’t think they are affiliated with a broker like we do, the retail traders. So how is a volume indicator useful then? Or do I miss something about this subject? Like VP says in his video’s ‘The Big Banks’ will take price the other way retail traders are trading, so let’s say for example if a volume indicator projects buying/selling pressure overtime, with a zero line. And the line is above zero which means ‘buying’, the big banks will see this I assume? and take price the other way, or am I incorrect? Which means that your volume indi is useless isn’t it? Bcs it only represents the buying/selling pressure of the retail traders, meanwhile big banks and institutions can take price the other way when they want. The volume indicators we use relate only to retail traders isn’t that true?

Hello VP thanks for ur awesome videos... Is the $EVZ meant to watch before any trading including EURO pairs? or it's generally for all pairs?

This is an absolute tutorial and a comedy video at the same time. Addicted to your vids and I forgot my Kdrama's. Bye BTS and Hello VP! HAHAHHA Keep it up!

love ur stuff and dont know if youll answer, but I see volatility and volume as two separate yet complementary things, high volume/low volatility as a sign of stability, low volume/high volatility as possible reversal or just crazy shit. So my question is, if you decide to use a volatility indicator, wouldn't it almost make more sense to be trading when there is low volatility rather than high, because volatility doesn't represent volume?

vp on demand!

I think I found a great volume indicator. Waddah Attar Explosion.

A 20 period least squares moving average on the ATR makes a decent trigger line and appears to matchup decently with my volume indicator.

Anyone else struggling to find volume indicators that dont just follow price?

In a few words, you want a normalized indicator for a volume filter, the ATR values dont have a defined "ceiling" nor floor.

What platform do you use? Forex.com says they do not have data for volume and their volume indicators don't work.

VP! $EVZ! Above 9!!!!!!! And plenty of volatility in the market!!! Thanks again VP

THANK YOU SOOOO MUCHHHHHH VP!!!! 😭😭😭

I finally found a volume indicator that keeps me out of "bad" trades. It's absolutely amazing how just a volume and an exit indicator can make you profitable. I mean even without confirmation indicators you can just enter the market randomly and still have more wins than losses. Volume + exit indi it's 80% of the whole algorithm. Thank you, VP. I really appreciate the work you're doing and the information that you're sharing with us for FREE. You are amazing! ❤️

Does one have to assign a currency pair to $EVZ?

So, no trading since 11th mars this year? Or do I set $EVZ down to 7 or even 6? I'm struggling with understanding this..

Have just gone through the volume video again. Great Job V.P. It is like learning to surf for the first time, the more you practice the better you can get. Don't just watch these video's once and move on. The more you watch them the clearer things become. I am starting to believe I am going to make it. do the research put the time in it is worth it !!!!!!!!!!!!

I'm very happy find your channel and i enjoyed watching your videos and your talking style. before watch any of your videos i like it. Thanks for to clearfy the beginners who start to trading.

A good Volume/Volatility indicator is crucial!!! I've been forward testing my algorithm with decent success until a recent rough patch. After dissecting my algo, and rewatching several videos, I traced down the problem. My losses were correlated with the drop in the $EVZ and the low volume exposed my faulty Volume/Volatility indicator. Found a much better one scouring the comments of this video. Swapped it out. And back winning! Looking to go Pro in 2020.

Tks once again, bud.....my pipcount shot up drastically.....now just to get it consistent......and I am sure I do not have all the right indicators for a good algorithm....I will keep on working at it...you have a great weekend mate.....and to all your followers - please share what you have found so far....wish you all the best too....

Great informative videos always on this channel, Please what is your recommendation concerning these following indicators Obv, Donchan channel, chandelier and VWMA indicators best strategy to use them for.

Option B only. Cheers VP

I have what I hope isn't a stupid question regarding the volume/volatility relationship: If volume is strong, are we looking for high volatility or low volatility? Since volatility measures the "ups and downs," then high volatility means the direction is frequently changing, which would not bode well for trend traders. Therefore low volatility would be good. Am I looking at this wrong? Guess I am still not clear on how the two things inter-relate.

Thank you VP 🏆

What do we set for the zero line cross for other type of volatility indicator? For example, ADX, we would have ADX 25 as a zero line crossing to determine volume. How about other type of volatility indicator? I was going through other volitity indicator and the range was like 93-408. So a zero-line crossing at 25 doesnt make much sense. Any guideline how do we setup the zero-line crossing? Do we actually just get the mid point of the range but that would have invalidated all my confirmation indicators, all the time, everytime. Thanks.

So bro…I went back I watch your videos about a year ago…and I did what you said!! I went and I learned all that bullshit to a T and now I’m back watching again to learn how to REALLY do it! And bro you got me laughing every damn video because it’s so true!!! And to be able to actually get what you mean now 🤣🤣🤣 incredible 🤣🤣

I have found consistently that the absolute best volume indicator is the actual volume.

Great stuff. Just one thought though for anyone wanting to use the ATR or a VIX index; static levels wont work long term as VP pointed out but they can work very well using a dynamic level. ie. put a "x" period MA of your choice on it and only take trades when ATR is above it's MA.

An exponential MA 89 (or 100) Line add to the VIX might help to define a (dynamic) "RISK"-Line.....?

The question I wanna asked the volume indicator u are display are they tick volume or real volume cuz u are testing these indicators on currency pairs, and currency pairs don't have a Centralized exchange makes me wonder?

Accumulation/distribution indicator but not with the line but a histogram.

B! I’m with you! I can really appreciate your psychology

Hi VP I went to Barchart web site and the level is 5.96 for long time now, so no trades?