Hi! Hope we have BO traders here too because the indicator I’m sharing with you today is mainly intended for binary options trading. Future Volume indicator is able to predict further price movements based on the total volume of candles.
Asset: any currency pair, indices and stocks
Timeframe: M1, M5 and M15
Expiry: 3 candles (180 sec for M1, 15 min for M5 and 45 min for M15)
Rules for trading with Future Volume
Future Volume shows oversold and overbought levels with vertical blue/red lines. The signal appears at the beginning of the current candle and does not disappear. Thus, the position can be opened immediately.
CALL – when a blue vertical line appears as well as a blue arrow on the chart
PUT – when a red vertical line appears as well as a red arrow on the chart
The indicator has 4 filters. And the author of the indicator recommends applying the following settings for each of them depending on the state of the market:
Volume index and Filter 1 give signals for choppy (sideways) market. Filter 2 and Filter 3 give signals for trend markets. Filter 4 is a filter of trend markets. Thus, we should set the following settings for:
- For a trend market, set Volume index = 0, Filter1 = 0 and leave the other defaults values. For example: (0; 0; 5; 3; 30)
- For sideways market, set Filter2 = 0, Filter3 = 0, Filter =0 and leave the other default values. For example: (3; 2; 0; 0; 0)
- Universal settings that are suitable for both markets (set by default) can be: (3; 3; 3; 5; 30)
The indicator does not repaint its signals. In addition to this, it is equipped with a notification system. Hope you enjoy it!