Real Tick Volume indicator: entry points of large market participants
The Real Tick Volume indicator for MT5 shows the average value of each tick volume, so you can easily identify entry points of large market participants or identify a trend to increase or decrease the presence of large players in the market. The Real Tick Volume indicator can be used on almost any timeframe and financial instrument.
Real Tick Volume indicator settings
In the settings you can specify only the colors of the main indicator and the moving average line (has a fixed period equal to 2).
Using the Real Tick Volume indicator
Use this indicator is possible and, in fact, should be only if you have an idea of what is happening in the market. Usually the increase in the average tick indicators indicates the entry of a major player in the market or the opening of blocked hedging positions. The indicator indicators can be considered in any time interval, taking into account the summation occurring in larger periods (4-hour and daily timeframe). In terms of efficiency, the most statistically productive is vector approach to indicator data:
- A bullish candle (truly bullish) with a high average tick volume surrounded by bearish candles with a low RTV value indicates market readiness for growth.
- A truly bearish candle with an increase in RTV + a bullish candle with a low RTV point to the priority of bears in the market.
- The first two points are important in the case of an established trend, in other cases it should be understood that the big players enter at the best prices, which means that quite often the growth of indicators RTV will talk about market reversal.
The experts of ForTrader magazine pay attention to the fact that the process of volume analysis is rather labor-intensive, it is necessary to consider many nuances and possibilities, but it all has a certain logical foundation that allows you to use Real Tick Volume in everyday trading on the market.