Volume Indicators Part 2 (And A Free Tool)

[@NoNonsenseForex]

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

[@AlwaysWearASmile78]

Hey, MVP (Mentor VP), I’m going to take a chance and ask a question here because I don’t think it’s worthy enough for an Ask VP. I’ve been pulling together my algorithm and am wondering, while back and forward testing, is it common not to hit your take profit within the first day? Or is that a sign the my indicators are getting me into a trade too soon?

[@darthforexvader7201]

The ATR is typically an Average true range of 14 days (Standard). Why Wasnt that mentioned In the vid? ... that has a Great deal of relevance regarding how It should be used.

[@theforexcodes8133]

Darth Forex Vader yep. 14 times 4hr, 14 times 5 min whatever timeframe.😏

[@AlwaysWearASmile78]

Just wanted to followup on my own question. VP, I'm not saying that you knew you were going to answer it in your podcast, but ya did. Podcast 26, on counter trend trading, gave me my aha moment. I never knew I had tendencies of a reversal trader until listening to that. Now that I know that about myself, I have adjusted my eyes when it comes to my algorithm and have been seeing it work better ever since. So, thank you.

[@webdev10000hours]

@@AlwaysWearASmile78 Exit indicator bro, no TP.

[@walwal412]

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

[@OptionsTradingChannel]

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

[@Year9FX]

, he needs people, to keep viewing his videos. what bad comes out of giving his full algorithm out in 2 videos? but a lot of good comes for his subcribers

[@everbc4673]

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.

[@kellyscherr7260]

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.

[@slipsonic809]

I listen to tons of audiobooks, like sci fi and post apocalyptic stuff. VP has a great voice for audiobook narration.

[@geraldcorkson9605]

Yes I agree

[@jrthereaper]

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 KZbin 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 🙏🏾

[@Aiva33aiva]

Same here!!:D Keep it up and don't ever stop:)

[@paulbuckle1759]

good luck

[@waynefilkins8394]

Jr the reaper Do you have a computer or just a phone?

[@philiptaylor2567]

You’re years, if not decades ahead of most of us. Keep going with it! I can’t imagine what I would know now if I had started trading 16 years ago (when I was 17) instead of getting started less than 2 years ago at 31 years old.

[@Activetrade2020]

How’s it going? I need a update 📖📖 i can feel your energy my guy🔒

[@PedroDVC]

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

[@777bigwilly]

You act like your not "the ish" on KZbin. 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!

[@Red123Road]

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!!!

[@solomonnorman5126]

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

[@hidigabdi7919]

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 KZbin video thinking what a load of crap. Doing the work you suggested is brutal but well worth it's weight in pips.

[@shanghai2058]

@Hidig Abdi i agree, VP is GOLD!

[@Yahooooogle]

Lol, I totally agree! My 3 biggest lessons: 1. I discovered I actually was (used to be) a reversal trader, 2. I used to chase quick trades because it felt more dynamic and interesting, and most importantly 3. I used to risk way too much on a 'good looking' trade. I now: get in during the start of a confirmed trend, expect much longer duration trades, and risk far less. Good luck and patience everyone

[@joeebanks646]

@@Yahooooogle awesome. how are your results now?? ive been mediocre at best for years. but thats about to change.

[@mullah9400]

prother would hepl me

[@grantfaulkner7524]

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

[@huntershadowe5675]

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

[@sergimrov9923]

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!

[@Hancock_nl]

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

[@tbelj]

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!

[@Charee123]

Are you a success story now?

[@zawadiki]

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! :)

[@wetradewaves]

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

[@santosht6644]

after watching all the video of yours. I want to say thank you. I am learning forex for six months. and following the 99%, people told me to learn forex all the old way and I am following them. after watching the dirty dozen video my eye are open and for that I am thankful. know I don't need to study those things and save a lot of time. those things are pain in the ass.

[@joeebanks646]

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

[@angeloseconomopoulos8918]

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! ❤️

[@jaderockman3872]

Can you please name the indicator 🙏

[@sarahjanevickery9369]

What indicator are you using? I"m stuggling to find a good one.

[@archravenineteenseventeen]

Prayer indicator

[@jamesschwark76]

I swear VP is the only KZbin channel I could care to hit the bell for. Amazing videos, I have so much trust. I’ve been using S/R lines for 3 years completely trashed it when you said get rid of it. Thank you

[@collchu2010]

holy shit...after watching several videos, I have a strong feeling of taking a university course online. VP teaches us principles / basic knowledge and gives us guide line how to find ourselves holy grail!

[@lineekelapenda6280]

All the way from Namibia 🇳🇦 am truly motivated by your no nonsense forex videos

[@NoNonsenseForex]

Pretty solid group of Namibians here actually.

[@jasonh.9749]

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!👍

[@gjrenouf6314]

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 !!!!!!!!!!!!

[@andrew7942]

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

[@thabothusi1216]

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

[@JalenCrigler]

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

[@geoffreykungu6065]

sarcasm on point haha

[@gilmarlanada5277]

I HAVENT START TRADING YET , BUT I HAVE LEARNED ALOT FROM YOU VP - ITS LIKE A FIRST DAY OF CLASS , IM EXCITED TO LEARN MORE FROM YOU , IM STILL IN THIS PLAYLIST FX Trading Strategies (Core Concepts). AND THIS IS A GOLD MINE! TO ME THANKS VP .

[@johnpalinkas5610]

Hello everybody As I gathered in your earlier videos you are a swinger In my experience I think it is easier to predict the moves for a micro day trader . The volume in the first 90 min of session break and the last 90 min requires no volume indicator , and you are keep nocking the BB all the time try just the lower line of the BB twice crossing forward test it and if you really want indicator You gave us one really good one where you can see how much more powerful is the controlling guy . This gives me a very high % of accuracy . I still like when you unleash your exuberance on tools that are not working that is probably why the price action strategies are more fashionable nowadays , but I don't know sheet with my 18 month experience Highest regards John Palinkas

[@himalayanpilots6830]

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

[@Koorevaar100]

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

[@worldofwalks3760]

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?

[@trading2society513]

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.

[@MillionairesOasis]

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 🤣🤣

[@mickeyboaglio808]

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.

[@niclans82]

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!

[@raptor2148]

Would you please share it? thanks.

[@KyleBaran90]

Watching these again to brush up on my fundamentals. While $EVZ will vary over time (it's under 6 now!), an idea might be to use it as a barometer for how much to trade. Eg, look at the min/max values over a 3 year period, and scale up or down your position sizes according to volatility. Could also apply it as like an inverse ratio to the actual S&P VIX (on the premise that money flows into forex in times of uncertainty)

[@zachholsinger770]

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

[@ricklanders]

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

[@rouzwelt1918]

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

[@NoNonsenseForex]

yes

[@lordon0007]

@@NoNonsenseForex EVZ is "Volume/Volatility" indocator for all forex charts ? Is it average counted from Forex ? Or how to better understand it ?

[@keemllouise1006]

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!

[@2321brendan]

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

[@PresidentWayne]

@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!

[@conormillard5928]

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?

[@johnbrennan7175]

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

[@2321brendan]

yes I have been playing with this too. looking to work on deleting some false signals. and combining with accelerator osc

[@stevesheppard6720]

I'm testing the AO with a MACD filter. Great entries, still trying to find an exit indicator. Some of my test trades lasted for days...even weeks

[@LanceSalling]

Yep... like the AO as well. 'Been running the Absolute Strength directly above it- really good at showing the 'muscle' behind the action

[@zakariyanur5428]

Did you add any levels to your AO on MT4

[@amrit1145]

John Brennan I’m trying to perfect the Waddah Attar Explosion Indicator, I think it’s an amazing indicator just needs tweaking

[@jeannotnelson4048]

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

[@theforexcodes8133]

Only a politician would want Option A.😏

[@franciscojunior6841]

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???? 😀😀

[@harry_bonkers]

each bar is a Daily bar, but the whole chart shows a 6 month span

[@rkatz0]

The number he referred to doesn't change when you change the timeframe of the chart....it ONLY changes when the daily closes....figure it out....or not. So far, you are behind....have you even watched all the videos up to this point?! ;)

[@Year9FX]

@@rkatz0 bro which pairs can you. Trade using the $evz?

[@aleisley5797]

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

[@willemjanse1254]

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....

[@orionsturtle4824]

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.

[@Bazroshan]

I've seen another YT pundit with 20 and 200 EMA on ATR.

[@mikescarborough9196]

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

[@andrewpeterson8415]

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

[@NoNonsenseForex]

I have been. No other choice really.

[@johnbuell8035]

The answer to putting a line on the ATR is not place a hard value. Use a percentage of the high-low range over a look back period. Or a percentage of an average.

[@emiliano3873]

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

[@NoNonsenseForex]

It applies to the entire FX market.

[@seangrant6993]

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!

[@philcompton8259]

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.

[@NoNonsenseForex]

It's a general overview. Cross pairs ARE a really good way to skirt low volume, but always be cautious.

[@philcompton8259]

Thank you for your quick response and insight. I will be sure to follow your advice. Enjoy your day!

[@IranForexTraders]

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.

[@youdontfoolmetwiceproducti2205]

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

[@raymondphilip6232]

No

[@debbiedoesanything1976]

The $EVZ is priceless and has saved my a$$ a couple of times and when I didn't listen it was bloody. 😂

[@philiptaylor2567]

Deborah Rodríguez but doesn’t it only apply to Euro pairs?

[@iamnotabot961]

loooool, that's pretty surprising knowing his theory is kind of wrong. Vix is a fear meter, not a volatility meter ... it calcutes the options expirations. This is where investors protect themself when they feel like markets may plunge. Still, market may be very volatile, vix will be low if the volatility is bullish xD

[@Year9FX]

@@iamnotabot961 what's vix? VP never mentioned that.

[@iamnotabot961]

@@Year9FX $evz is the euro vix

[@Jarnold01]

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?

[@ChaoticNeutralMatt]

This was something running in the back of my mind because of other information I consider fairly trustworthy from someone who also actually trades. Interesting to see the different opinions that can be drawn I suppose.

[@Troy_34]

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.

[@buudoom1]

Troy Stromer with the same number ?

[@KabbalahDecoded]

interesting idea. Do you go by the price or the volume? Or both?

[@godswillokafor8030]

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?

[@NoNonsenseForex]

All

[@norezhamshah9678]

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

[@ahmedsafwat1460]

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?

[@NoNonsenseForex]

All

[@jakebickle1809]

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?

[@yeliangarcia4623]

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

[@OneCreator87]

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

[@lechatbotte1351]

@No Nonsense Forex What is your take on "footprint" or "order flow" indicators some claim you CANNOT trade without these, and that they can only be accessed by institutional traders?.Thank you.

[@kennethgituro7578]

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

[@spirituallyjazzy]

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.

[@johndoe5816]

To further clarify, you absolutely need volatility (price movement) in a market in order to get anywhere. Without it we’d stay flat or get whipsawed all day. As I see it, a period of high IV (Volatility) and volume precedes a solid trend. So you are correct in your notion that it doesn’t technically spike during that trend. The high volume and IV spike typically occur just at the beginning of what turns out to be a major trend. then, as IV subsides, that trend continues to run on the ever-tapering volume much like the dwindling fuel in a rocket. Eventually the price rocket loses energy once the volume is all dried up and the price starts to apex or parabolically stagnate (theoretically). Based on those assumptions, you would theoretically only take trades whose trends appear to a) originate out of abnormally large volume spikes collocated with IV spikes (and they are typically collocated...rarely would you ever see a massive volume spike without a spike in IV) and b) still have some residual volume left to trade on at the point of entry. Hope that helped. Its just my interpretation. I’m sure there are some that might disagree with me here but it is, so far, the best way I’ve been able to view the markets in terms of volume and IV.

[@christianhernandez6263]

VP this tool is like using the VIX for options trading. If you're familiar with the way IV (Implied Volatility) works this will all make sense. On that same note, it's in a way like market sentiment. Best way to use the $EVZ is by using the comparison tool on the website. To use it just change the chart type to linear and then, using the comparison tool, input the pairs you're looking to trade and it'll show which whether you should be on you bullish or bearish trend. Or if you're looking to get in a trade it'll help just the same. Like I said, it'll all make sense if you're familiar with IV. VP again you just gave traders another invaluable tool that they could have in their trading arsenal! If they're not using this tool they're insane! This should definitely be tool #7 in the algo!

[@jcubray8718]

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?

[@jordannelson8646]

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?

[@NoNonsenseForex]

One begats the other. They are different, but highly correlated.

[@Boelaap]

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.

[@juniorjustjunior]

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

[@mbusolungisani4364]

👍

[@dougcharles6845]

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

[@JanVandenEeckhout]

Can you effectively add an EMA/SMA to the ATR? That way you don't have to move a level line manually.

[@lpburke86]

THe line isnt what matters on the ATR. Only the number. The ATR is already a SMA if youre looking at the line, but the ATR number only matters at entry.

[@DoneFXCrypto]

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.

[@Cris-de6tj]

Hi VP. I have a question about the video. I would like to know if exist the same thing for the others currency. I also watch the cot reports trying to find big changes of buyers or sellers. Best regards and thanks for your videos.

[@reasonforge9997]

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

[@NoNonsenseForex]

I like your creativity.

[@rayern1982]

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.

[@marshalljones5654]

I use the ADX cross 20 and keeps me in a lot sooner.

[@tramekab]

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

[@lovepeaceltv]

Thank you so much, it is absolutly useful to me. So lucky to know your channel. God bless You.

[@bielakoinyan22]

Can’t wait for the next video, Thanks a lot VP

[@marttibrantzegjr7896]

watching this video and the first volume video many times will make you realize that Volume indicator should really be on the number 1 spot, should be on top of your indicators. "No Volume No Trade" no volume go to your next Pair, no need to check other indicators. Volume indicators i'm still checking are Waddah Attar Explosion and candle volatility index. pls let me know which is more reliable and if you have other free volume indicator. thanks

[@GaryGilbreath]

how about calling this category Volutility? :)

[@raymondphilip6232]

No

[@nickwynjones]

so this is just for EURO right? Is it accurate with any time frame? cheers

[@KhaledKimboo4]

ADX is a trend bias indicator but it does represent effect of volume very good.

[@moonsonsteph]

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 :)

[@claytonmascall1548]

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?

[@NoNonsenseForex]

Never use tick volume

[@Viewer13128]

does the $EVZ tool only work for Euro pairs?

[@SergioGarcia27]

It is for all forex market

[@jozelynjo8217]

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

[@impression4187]

HI VP. I have went through your channel but one thing I was confused with is how to test a volume indicator. Currently I am using the onbalance volume indicator with a 20EMA however i am missing some potential winning trades therefore I am asking is there any possibility that you can put like an example of any volume indicator and show us how to test it please?

[@josecarlosxyz]

Some traders like to win and some traders like to argue. I prefer to have money in my pockets regardless the strategy if it’s ugly or pretty I don’t care if it give me results I’m fine. People argues more than practice the strategies they should test first

[@SM-su3du]

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

[@KriMi68]

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

[@rtr_db]

Hello VP, I am looking at the $EVZ chart right now and the number showing is lower than 6, does this mean I shouldn’t take any trades?