Volume Divergence Indicator - I need some Help

I accidentally came across a Website, what gave me the Chance to download a Volume Divergence Indicator -
I also found 2 related PDFs in the Net.
I am not an experienced Trader and have definitely Problems to understand, how to use this for my Trading

What I found out till now:

if there are establishing Divergences in the Markets, the Contra Reaction does not need a long Time to follow

Volume is a very significant Tool for Trading - and a Divergence could be quite helpfull for entering a Trade

Maybe this Thread with its Information can be helpfull to unexperienced Traders like me - and maybe some
experienced Traders could give us there Hands


Here we go:

Eur USD 1 H Chart with the Volume Divergence Indicator ( whatever this 2 Skull and Crosbones Signs mean in the Chart mean )

http://s7.directupload.net/images/131113/ixk5yxsq.png

All the indi does is compare the H/L with the previous 10 bars.
It does NOTHING with volume or divergence.
Did not read the PDF so that may give some idea how to use it?

M.

What is Volume ?


What is "volume" in MT4 ?

There is no official volume in spot as you know but let them believe the figures the 'brokers' give them.

thank you for your good question - I used Google and found following:

In MetaTrader 4 Client Terminal, the volume of bar is the amount of ticks that have income during the bar forming. So, indicator Volume is based on the volume of bars. A tick represents a trading transaction. So in a 1minute charts if 79 transactions occured then the volume is represented as 79. And mostly tick is broker dependent.The absolute average number of ticks is different between brokers. If the market liquidity is high then volumes also high. For Example Alpari UK simply has “volume spikes” not present on the other brokers due to poor liquidity conditions.

What is the impact of Tick Volume?
So if you are trading based on Volume based indicators like Market Profile, On Balance Volume, Money Flow Index, Force Index or if you are planning for using EA which uses volume information behind your mathematical models be clear what you are exactly planning to do. If you are taking trading decisions based on volume based indicators it is better choose high liquid brokers in live accounts (as demo accounts will provide you different volume picture).
And in case of CFD trading the volume information doesnt represents broker based Tick Volume and not the actuals future contracts/number of stock traded in the exchange. So in such scenarios its better to avoid volume based studies in your trading decision.

How to Setup Tick Charts in Metatrader 4

http://www.marketcalls.in/metatrader...atrader-4.html

RaptorUK, i think you don't know anything about volume in mt4.
mt4 volume is tick volume not actual volume but it working.
do study more and back

any one is there

Volume divergence indicators are hard to come by only found 2 that I know of

Very interesting indicator, any new developments ?