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Technical indicator #8

Volume

How much was traded during that time. A clue for telling whether a price move is "real."

Importance★★★

TypeOther

Common settingsNo settings (shown as tick count for FX)

MT5（FUNDED7）Built in (tick volume for FX)

1A 30-second chat

JUDITHDoes FX have volume too?

JADEFX is traded directly between parties all over the world, so nobody knows the true trading volume. That's why MT5 shows "how many times the price moved" instead

JUDITHCan it still be used?

JADEIt's good enough as a guide to the trend. With futures like Nasdaq futures, you can see the exchange's real volume.

2Here's how it looks

Price moves where lots of trading happens are more likely seen as "real"

3Just check this

Volume on a breakout

If volume rises as price breaks a horizontal line, the move is more likely to be real

Where it surged

Where participants jumped in on big news or data

For FX

There's no central exchange, so the number of price updates (tick count) is used instead

4Reading basics

▲ Sign it may riseVolume surges on a break upward → many buyers joining, a strong rise

▼ Sign it may fallPrice breaks out on low volume → few participants, could be a "false signal" that quickly reverses

Technical indicators are calculated from past price moves, so they react a little late and can be wrong (false signals). The basic rule is not to decide from just one.

5Prop firm watch-outs

In low-volume hours (like early morning Japan time (JST)), a few orders can make price jump, and your stop loss may fill at a worse price. At a prop firm, go easy on trading during thin hours. The hours around the daily reset (7 a.m. in winter) also tend to be thin.

Daily loss line:5% of the previous day's closing balance. Unrealized losses count too (Official FAQ）

6How to show it in MT5

These are real screens from the Android MT5 app.Swipe sideways, or use the button below to go next

1 / 4

📱 Smartphone (iPhone & Android)

Tap the wavy-line icon (Indicators / インディケータ) at the top of the chart screen

Tap "f+" to the right of Main chart (メインチャート). (Indicators shown in the lower window open in a separate window automatically)

Tap "Volumes" in the list

Enter the numbers and tap Save (保存) at the top right

💻 Computer

In the top menu, click Insert (挿入) → Indicators (インディケータ) → Volumes → Volumes

When the settings window (Parameters / パラメータ) opens, enter the numbers below

Tap OK to finish. You can also drag it onto the chart from the Navigator (ナビゲーター) on the left

🔧 Numbers to enter (common settings)

✓

Volume

Tick

✓

Where it shows

Shown in a separate window below the chart

✓

Color

Up bars and down bars in different colors

In FX, it is shown as the tick count (the number of times the price updated). For the steps, see the official help from MT5's developer (iPhone · Android · PC). Menu names may appear in English depending on your language settings.

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Common settings are general guides. How to show them depends on the chart software.