DislikedYou realise on mt4 your not seeing actual volume, its just tick volume, ie the count of the price moving!Ignored
I use the volume as an indicator for volatility, more ticks in a bar = more struggle between bulls & bears, meaning that the initial breakout was indeed a volatility breakout.If the volume is low then the breakout wasnt really a breakout maybe just a trend or something, but since my pattern is a volatility breakout/pullback pattern, i must check the volatility.
Also an ATR can be used aswell, but i prefer the volume its much simple.
"There's a sucker born every minute" - P.T. Barnum