Volume pro x forex

Range daily explained 1. Simple entry

Forex DJ market PRO - will help increase your maximum profit

Best forex bonuses

Forex DJ Market PRO - will help increase your maximum profit, volume pro x forex.

Forex DJ market pro is a trading system that can analyze market movements technically with accuracy. This system is simple and easy to use and understand, if used property, it can increase your trading success rate and maximum profit .

Characteristics of the forex DJ market pro

Platform: metatrader4

Currency pairs: any currency pairs, recommended major

Trading time: any

Time frame: M5 and higher

Recommended broker: instaforex,forex4you, roboforex

DJ market pro components

DJ market pro uses four main indicators (in fact there are more) specially created for the metatrader 4 trading platform.

Pivot point explanation

The pivot points indicator is a simple pivot indicator that will provide basic information such as daily pivot points, support 1, support 2, support 3, resistance 1, resistance 2, and resistance 3:

Pivot point image /DJ market/

The advantage of pivot points compared to other support & resistance methods is that every trader around the world uses the same formula to calculate pivots so that pivot is the level of market psychology most often used by traders to make decisions.

The basic principles of pivot are:

Usually, if the price is opened above the pivot then psychologically the price will go up (although not always) and vice versa.

Prices tend to try to break pivot, support & resistance levels.

If the momentum is strong then the price will break the pivot towards support or resistance but if the momentum is weak then the price will reverse direction.

If the price does not touch the pivot, it usually tends to move away from the pivot.

Range daily explained

Daily range is the high and low movement range to determine the maximum exit trade level, including take profit and stop trades in one day, this level will change every day. In addition, this indicator is also useful so that we don't over trade:

Pivot of range daily /DJ market/

2. DJ X6 (X8)

The DJ X6 (X8) indicator in the form of a point / arrow can be used to find out which trend will take place. This indicator does not repaint. DJ X6 issues an alert when there is a change in trend / new signal:

DJ CSM provides visual information on the current trend based on the analysis of more than 5 indicators that are displayed visually on the chart you can adjust the settings of all indicators in the input parameters. DJ CSM displays the following information in the lower right corner of the chart:

Forex currency strength meter - is a type of forex indicator that functions to measure the index of the strength of one currency against another. With this indicator you don't need to open multiple charts at once to do trend analysis (correlation between currencies)

Moving average trends - is an indicator that displays the average value of price data in the time periods M1, M5, M30, H1, H4, D1 and WI.

MACD - is one technical indicator that can help you to identify changes in direction.

MA-X - indicator based on crossover 5 SMA period (period can be changed).

Buyer & seller volume - displays the average volume of buyers and sellers, helps you see the strength of buyers and sellers.

Spread - this indicator can be relied on in knowing the spread changes. For those of you who need information about spreads, changing spreads, or periodic changes, this indicator is for you. Knowing the spread is an important factor before you open a position. Because when the spread is wide or suddenly the time to open the position immediately floats 15 points or 30 points of course

DJ ROCK appears on the sub-window providing trend information in the form of a histogram:

Forex DJ market PRO entry guide

1. Simple entry

This entry only uses signals from DJ X6 or arrows. The advantage of simple entry can easily get a reversal signal if the trend is trending or does not have a sideway

ENTRY BUY when an arrow appears UP

ENTRY SELL when an arrow appears DOWN

2. Safe entry

This method is safer for ENTRY, but requires confirmation from some indicators

ENTRY SELL

Arrows appear DOWN

DJ ROCK color histogram RED

The seller is bigger than the buyer

Moving average trend M30, H1, H4 color RED

Arrows appear UP

DJ ROCK color histogram BLUE

The buyer is bigger than the seller

Moving average trend M30, H1, H4 color BLUE

DJ market pro will provide automatic signals and alerts to the user complete with stop loss and take profit so that users only forward the recommended signal and alerts to manually open positions:

STOP LOSS & TAKE PROFIT /DJ market/

In the archive you will find several templates and you can choose the one that suits you. It is possible to choose a template for scalping, conservative and aggressive trading, and others.

And in conclusion, I would like to remind you about money management - the risk is no more than 2% of your capital per trade. Don't forget about important economic news and use a demo account for pre-trading.

FX volume

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2. Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat

Following the smart money is finally possible!

It provides awesome insights into how institutional market participants, like brokers, are positioned in the forex market, much faster than COT reports.
Seeing this information directly on your chart is the real game-changer and breakthrough solution for your trading.

Please install and run SI connect to establish a constant connection to our data center

And how to trade with FX volume? Click to read our detailed tutorial and visit our FX volume info channel

Background information

We all know that forex is a decentralized market. That's why we had to think out of the box, develop a unique solution and code the most complex project, we've ever worked on to get this priceless information in our charts. Since october 2018 our servers analyze and record real trading volume data feeds from several different sources all around the world. We gather the data, analyze how the trading volume changes and calculate an index for the most important forex trading currencies but this is just the beginning. Later on, we'll provide such information for other trading instruments like gold and oil as well.

What's the benefit of using the real volume data provided by stein investments?

1. Due to our brokers point of view, you can easily trade with the smart money
2. You get this type of sentiment market data in real-time directly on your chart
3. Due to our real-time recorded history database, you can easily check how valuable this information is

FX volume is absolutely unique because it's the only tool which is able to print this data directly on your chart!

Why it's only available for rent?

As described above FX volume is an ongoing service with a running backend infrastructure that costs as well as the admins and coders that monitor and improve the entire construction, like the database in the background and the graphical front-end you load on your charts.

That's why we have to charge a fair recurring fee but FX volume will easily pay for itself.
In addition to that, we provide great discounts for mid- and long term subscriptions.

FX volume indicator settings

Broker DST zone and GMT shift - please google or ask your brokers support to get the right values

Compare with X hours back - set an hourly value for the ratio and delta comparison. The default is 24 hours back.

Display all history lines - set to "false" to see only the history lines of the symbol-related currencies

Default view - choose between ratio and changes view

Display symbol list - set to "false" to hide the list of 28 symbols in the main chart

Zoom factor - increase or decrease the size of all graphical elements

Trading volume in the forex market: how to use it to your advantage

Learning how trading volume affects the forex market is one of the most useful skills any forex trader can learn to master.

The more volume, the easier it is to buy or sell . If there are fewer buyers and sellers, you are more likely not going to get the price you wanted. Volume is required to move a market .

A lot of volume can be seen when markets overlap, such as the london-new york overlap or the tokyo-london overlap.

Often volume is overlooked in favour of price action , but together the two can make a lethal combination for any trader.

Volume can usually be seen on charting software at the bottom of your charts and usually take the shape of small bars.

In this article, we’ll explore what trading volume means to forex and how you can use trading volume to make more informed trades.

Want to learn how to trade forex like a pro? Take our forex trading course!

Volume precedes price action!

It is a very simple rule.

When the market is ranging, trading volume is low because fewer people are trading - neither selling or buying - and so the price barely moves.

You’ll be able to see this in volume as well which will also stay very low.

But when volume increases, it means there are more people buying and/or selling . Very soon after volume increases, the price will start to move in a direction, up or down.

Some traders rely solely on this factor to get involved in emerging trends.

The most important type of volume to watch is institutional money.

It is generally accepted that institutional money moves on low volume days and retail traders are most active on high volume days.

What usually happens is that when large institutions make movements, retail traders react and try to ride the volatility.

By knowing when large institutions are trading we can trade along with them instead of against them.

Volume can’t tell the difference between bear and bull markets!

Unfortunately, trading volume cannot be solely relied upon when trading.

One of the biggest issues forex traders should be aware of when basing their trades on volume is that it will not tell you the direction of the trend that will emerge .

All it shows you is that the people are buying or selling.

Some volume indicators can show if prices were bearish or bullish. Often they are coloured green for bearish, red for bullish and potentially white for neutral , similar to how candlesticks are coloured.

If possible, look to get a colour-coded volume indicator to make things easier.

How accurate is trading volume?

Forex market is decentralised. This means that people can buy and sell between each other without any intermediary.

The importance of this is that we do not have a centralised report of volume . Different brokers will report different amounts of volume .

Stocks and futures are centralised, which means it is easier and more accurate when checking their volume .

This is problematic because it can mean that the volume you are seeing is not completely correct . It may just be how much people are trading through that particular broker.

It is not possible to keep track of the number of contracts and contract sizes as you would with the stock or futures market.

To counter this, it may be wise to trade with a broker that has a lot of traders which in theory will give you a clearer picture of the real volume of forex pairs being sold.

Some traders rely on trading view for trading volume which uses feeds from a number of different brokers. This gives traders a more accurate picture of what is happening in the market.

Another problem with trading volume is that when you are looking at volume on charting software, you are usually looking at ‘tick volume ’.

Tick volume measures every time the price ticks up and ticks down. This indicates the strength of activity in any bar.

The difference between tick volume and real volume is actually very high , some have suggested that the difference can be up to 90%.

Volume is most useful when used alongside price action as it is clearer - there is more information to base trades off.

Don’t trade individual bars!

You want to see a good cluster of bars before you consider trading and after that, you will still want to see some confirmation in the price.

If you are anticipating the market to go up, you will want to see a strong movement of perhaps three or more green bullish candlesticks, the longer the better.

You also should not trade volume based on past movements . You should only use it as a general guide.

Do not set yourself goals to buy or sell when volume reaches a certain point because you cannot always trust volume .

However, if you are trading volume and following a trend, if volume decreases, it can be a sign to get out of the market as the trend will likely come to an end.

Again though, look for some confirmation.

Three useful volume indicators

Trading volume can be measured in a variety of different ways. Check out these three useful indicators that can incorporate volume into your trades.

1. Using the VWAP indicator

VWAP stands for volume -weighted average price and gives traders the average price a forex pair has been traded throughout the day.

It is useful for two reasons: it shows traders the underlying trend as well as the value of a security.

Traders can use the VWAP indicator to buy below it or sell above it, it is used in much the same way moving averages are.

While it may look very similar to a moving average, it factors in volume which means it can tell traders more.

VWAP is more useful day traders than swing traders as it focuses more on the volume throughout the day.

With VWAP, traders can do what is called an ‘end of day play’ .

This can be done when there is a significant gap between the VWAP and the current trading price.

What a volume trader would do is buy at the end of the day, believing the trend will continue the next day. Some traders may wait until the next day before trading it.

VWAP can also be used to spot when a trend isn’t as strong as it looks.

2. Using the OBV indicator

OBV stands for on-balance volume .

It is highly useful for detecting if market volume is bullish or bearish depending on if the day has been bullish or bearish.

The OBV indicator looks very similar to the current price on your charts but is a little more skewed with uptrends and downtrends, making them easier to point out.

Volume traders should be wary of relying on OBV because it can produce false signals . Again, cementing the fact that traders should look for confluence when trading.

3. Klinger oscillator

The klinger oscillator is another useful indicator that takes into consideration volume .

What it does is measure long-term money flow while at the same time is sensitive to short-term fluctuations.

By using this indicator, traders can more clearly see if a trend is positive or negative and buy when a trend is emerging and sell when it starts to decline.

Usually, the klinger oscillator is accompanied by the 13-period moving average.

When the 13-period moving average crosses over the klinger oscillator is viewed as a bullish signal. When the opposite happens, it is considered a bearish signal.

Keep volume trading simple

If you decide to trade volume , remember to keep it simple! Simple trading strategies are easier to repeat and there are fewer things that can go wrong .

Don’t use too many indicators alongside volume , it will get too confusing. Stick two or three (including volume ) at the most.

Whatever you do, don’t decide to take up all three of the volume indicators we have shown above. One is enough .

If you use more you may get conflicting signals. One might tell you to buy while the other will tell you to sell! You won’t know what to do!

Some believe that a win rate of above 75% is possible when trading volume effectively. That said, every trader is different and what works for you may not work for someone else.

Key points

If you remember anything from this article, make it these key points.

Volumedoesn’t work for forex in the same way it does for stocks and futures . The forex market is decentralised and so there is no central point to view actual volume .

Don’t rely solely ontrading volume . Use it in conjunction with price action or another indicator.

There are a number of indicators that measurevolume . Aside from volume charts that appear at the bottom of the screen, traders can also use VWAP or OBV indicators.

If you decide totrade volume, keep your strategy simple . Look for confluence by using two or three indicators at the most, no more.

Learn to trade volume with our forex trading course

Want to learn more about forex and how to trade? Then sign up to our forex trading course !

If you enjoyed reading this article from trading education, please give it a like and share it with anyone else you think it may be of interest too.

Omegapro forex

About us

About omegapro forex and crypto trading investment and business opportunity

About OmegaPro Forex Trading Investment and Business

The mission of omega pro is to deliver a secure world class trading experience to all clients - both retail and institutional. Omegapro forex continually invests in new technologies and in people, to provide clients with a diverse range of trading products and exceptional trading outputs.

Omegapro forex and crypto trading and investment services offers a fully automated service to clients. Clients basically choose the package that they want to buy and just relax and enjoy passive income which can reach up to 300% in 16 months.

Omegapro is a trading platform and financial solutions provider. Omega pro offers a variety of great account options to all our clients. Whatever your trading experience, beginner or expert, omegapro's next-generation trading platform can easily be tailored to suit your needs and financial goals.

If you would like to join our omegapro team, do contact us via whatsapp here - and we would help you with registration, funding your account and guidance with growing your investment better through the network business aspect.

Omegapro also gives you the ability to earn by referring clients to the omegapro trading platform. We have developed our own unique partner portal for the utmost transparency of your referred clients.

Omegapro puts major emphasis on account security. We use the most advanced tools and encryption protocols and provide plentiful market liquidity to ensure your capital is safe. Thanks to the vast market volume that omegapro handles and our strict risk policies, we can ensure that your account with us is secure, while connecting you to the fast paced global markets.

Omegapro picks and takes on *high probability trades* and *low risk trades* which helps with delivering consistent and sustainable outputs. Our artificial intelligence tool makes and ensures we stay ahead of markets trends.

Omegapro delivers 300% growth in your investment in 16 months with forex trading.

Many online businesses have adapted to this situation and are migrating their business models towards forex trading.

Omega pro covers more than 200 trading instruments ranging from currencies and commodities to indices. Over 70 currency pairs, including major, minor and exotic pairs.

The most popular commodities from precious metals to oil global indices around the world including nasdaq and dow jones shares of over 500 of the world's most successful companies.

What is forex trading?

Quite simply, forex trading is the act of buying and selling currencies. This is the world's largest financial market with a daily turnover of $6 trillion.

Forex can be a very good investment compared to crypto. The advantage of a forex investment is that the trader is using leverage. Forex does not have to look for a buyer to take your position out, any time the trader wants, the trade can be closed during trading hours.

Do forex traders make money?

Forex is not a get rich quick opportunity. Contrary to what you've read on many websites across the web, forex trading is not going to take your $10,000 account and turn it into $1 million.

But you might find a very skilled #forex trader on broker platforms like roboforex. Or you can find a company that would manage your funds and do all the work for you without the need to go through a complex registration process on a broker platform. You also might end up choosing the wrong trader and lose money.

Omegapro is offering a fully automated service to you. You basically choose the package you want to buy and just enjoy passive income which can reach up to 300% in 16 months.

Omegapro continually invests in new technologies and people, to provide clients with a diverse range of trading products and exceptional returns. These are the four business areas omega pro will be focussing on:

With omegapro investors can expect up to 300% return in 16 months. This graph shows a potential development of monthly profits. The deposit is not included in monthly pay-outs. So the pure profit in this particular example would be 100%.

If you would like to join our omegapro team, do contact us via whatsapp here - and we would help you with registration and guidance with growing your investment better through the network business aspect.

There is an important business aspect of omegapro's services. With omegapro's network business opportunity, you earn commissions or bonuses when you refer other investors to omegapro.

Below are the type of bonuses you can expect if you refer people to omegapro:

The affiliate bonus plan also features a very unique 70/30 rule bonus payments that we will explain in more detail later. Let's first review the different affiliate bonuses.

Direct sales bonus

The direct sales bonus is based on your direct sales and equals 5%. This bonus is paid weekly. Example: if your direct partner invests $10,000 you will earn $500 commission.

Network bonus

This is basically a binary bonus which is based on the sales volume in your weaker leg and equals 7%.

Example: you have $5,000 in your strong leg and $3,000 in your weak leg. That will make you earn $210 in binary commissions.

To qualify for the binary bonus you have to have at least one active package in each leg.

Leadership pool

Omegapro has implemented three different pools for the top distributors. All three pools contain 1% of the total turnover generated in the company each month.

To qualify for participation in one of the pools you need to reach a certain monthly turnover and a leadership rank.

You will be able to qualify for one of the three pools even if you meet the criteria of all three.

Personal turnover of $60,000 in your weak leg and $90,000 turnover in your strong leg and leadership rank platinum will enable you to participate in pool number 2 only.

Increase your passive income by helping your team to grow.

Re-investment

30% of all earnings from the compensation plan will automatically go to a different trading wallet, for the purpose of trading.

Example: if you earn $1,000 in commissions, 30% will automatically go to to the trading wallet ($300). You will receive a monthly trading output of 10% to your cash account for the next 12 months, in total $360.

Trading packages

Omegapro offers 10 different trading packages ranging from the free package to the VIP trader package at $50,000. The bigger the package the higher your cap limit. The cap limit determines your maximum earning per week. That includes your passive income and your affiliate commissions. The free package will only allow you to earn direct sales commissions.

Income and commission plan

1. Passive trading output(automated profits) - this is the profit you get when you purchase any of the above trading packages which gives a total trading output of *300% compounding. You don't need to do anything to earn here, just send your money to work for you and you withdraw when necessary

2. Direct bonus - is the commission you earn when you sponsor a new trader into the business – 7% (paid weekly)

3. Network bonus - is the commission you earn when you build two teams and accumulate points on your left and right team - 10% (paid weekly)

4. Leadership pool - the qualification for the pools are based on raising team leaders within your structure.

POOL 1 target - $16,000/$24,000: share 1% of company revenue monthly

POOL 2 target - $60,000/$90,000: share 2% of company's revenue monthly

POOL 3 target - $400,000/$600,000: share 3% of company's revenue monthly

70/30 rule - increase your trading portfolio and passive income without coming out of pocket when you build your marketing team.

70% of your bonus is deposited into your cash account and available for immediate withdrawal via any of your preferred currency every week.

The remaining 30% is automatically deposited into your trading account (will be added to your trading capital to earn more for you. 10% monthly for 12 months)

Leadership career plan & rewards

The omegapro career plan features 9 leadership ranks that would be connected to some very attractive rewards, starting from a pin and ending with a lamborghini aventador. In the "organization" column you will see some additional requirements you need to fulfill to qualify for the rank.

1. Associate - $400/$600 - 1 basic left/1 right - PIN

2. Builder - $6,000/$9,000 - 1x associate on L&R - PIN + latest apple ipad if achieved within 30 days

3. Silver - $16,000/$24,000 - 1x builder on L&R - leadership pool 1 monthly income (salary for life) + silver trip (sponsored trip within africa) + iphone X

4. Gold - $30,000/$45,000 - 1x silver on L&R - all silver benefits + apple macbook laptop

5. Platinum - $60,000/$90,000 - 1x gold on L&R -

All silver benefits + leadership pool 2 + sponsored international (platinum trip with company founders)

6. Diamond - $160,000/$240,000 - 2 platinum on strong leg/1 platinum on week leg - all silver benefits + $8,000 cash award �� or luxury wrist watch of same value.

7. Blue diamond - $400,000/$600,000 - 2 diamond on L&R - silver benefits + leadership pool 3 + $100,000 cash award )

8. Black diamond - $1,000,000/$1,500,000 - 2blue diamond on L&R - silver benefits + ferrari

9. Crown diamond - $2,400.000/$3,600,000 - 3 black diamonds on strong leg/2 black diamond on weak leg - silver benefits + crown diamond ring and lamborghini aventador

About omegapro management

The management team consists of three individuals:

Andreas szakacs (co-founder & CEO - sweden)

Mike sims (co-founder & strategic advisor - USA)

Dilawar singh (co-founder & operations - germany)

This is a legitimate, stable and sustainable company run by legit entrepreneurs with faces and who have clean backgrounds.

All three individuals have attended the first corporate webinar that took place on the 27th january 2019. Here is the recorded version of it:

One important thing that was mentioned during the webinar is bank guarantee that is supposed to secure all customer funds. This guarantee does not apply to trading income. Here is a copy of that bank guarantee:

Every investor will have a certificate from the valens bank in the back office which guarantees for the deposit.

Get started today

If you want to join our team of omegapro forex investors and/or the business program please:

Contact us - and we will help you with registration and with growing your account.

The better pro am indicator

Updated: thursday 24 december 2020

Using average trade size to identify professional and amateur activity is totally new – and I’ve never seen it mentioned anywhere before the introduction of better pro am and it’s use on emini-watch. So if you want to get an edge in your trading, read on.

Knowing what the pro’s are doing makes all the difference. Herb C.

The better pro am indicator is brilliant. Mark L.

Better pro am really kicks ass. KB

Professionals & amateurs can be identified by analyzing trade size

Professional activity can be used to identify market tops & bottoms

Professional accumulation & distribution patterns are seen early

But amateurs usually get it wrong

Volume patterns are best traded with confirming indicators

How to calculate average trade size

Does better pro am have input settings for different markets?

How is better pro am different from the better volume indicator?

Better pro am faqs

Summary

What people are saying about better pro am

Professionals & amateurs can be identified by analyzing trade size

Professionals trade in size; amateurs trade in singles and doubles. So analyzing average trade size directly identifies professional and amateur activity.

The better pro am indicators use a proprietary algorithm to analyse average trade size and identify professional and amateur activity. Professional bars are painted blue and amateur bars are painted yellow (default colors, can be changed).

Professional activity can be used to identify market tops & bottoms

Since professionals trade in size they need to buy new lows and on down bars and sell new highs and on up bars – before the trend changes. By contrast, amateurs are always chasing the trend, buying breakouts or selling breakdowns – so doing the opposite of professionals, buying new highs and on up bars and selling new lows and on down bars.

By looking for these professional and amateur volume patterns you can get a good sense of where the professionals are entering trades and taking profits. In my trading I look for professional and amateur activity at price extremes and then watch to see how price reacts to determine trend changes.

This approach takes quite a lot of interpretation and practice – but it’s well worth it once you get the hang of it. A useful tip, to make things easier, is to ignore professional and amateur activity that occurs during price congestion and concentrate on price extremes.

And here’s one of the most requested video on emini-watch: how to know if the professionals are buying or selling

Note: the professional and amateur paintbars are designed to be used on tick charts.

Professional accumulation & distribution patterns are seen early

Included in the better pro am indicators are 4 of my favorite volume patterns. Three of these volume patterns identify professional accumulation and distribution:

Stopping volume (st and st* on chart)

Profit taking (PT on chart), and

No demand and no supply (nod and nos on chart)

Stopping volume and profit taking show professionals are reversing their positions. However, the professionals trade in size and need to scale in and out of positions. So these volume patterns are often seen before the market eventually reverses.

The no demand and no supply volume pattern is often seen at market tops and bottoms. It indicates there is a lack of buying volume at market tops to push price to new highs, or lack of selling volume at market bottoms. This volume pattern often confirms a change in trend.

In my own trading, I use clusters of these 3 volume patterns as confirmation of trend changes, not necessarily as entry signals.

Note: the stopping volume and no demand/no supply volume patterns included in better pro am are improved versions of the free ones available on this website.

But amateurs usually get it wrong

The fourth better pro am volume pattern is called RAMBO – which is short for “reversal of amateur break out”. Marked on the chart with the text “R”.

The logic behind this volume pattern is that break outs led by amateurs often fail. Amateurs are always chasing price, entering late and expecting a breakout from congestion to turn into a trend move. Professionals will fade this behavior, drive price back into congestion and gun the amateur stops.

Volume patterns are best traded with confirming indicators

Nothing is perfect and I don’t believe you can trade with these professional and amateur volume patterns alone. However, in my own trading they are an essential part of confirming a change of trend and signaling entry points.

I use better sine wave and better momentum to confirm high probability trades:

Better pro am shows me what the professionals and amateurs are doing

Better sine wave shows me price cycles and trends, and

Better momentum shows me buying and selling volume momentum

The chart above shows a trend change and how these 3 indicators came together:

Better momentum signaled exhaustion selling volume

Professionals take profits on their short trades and get long

An early false rally is led by the amateurs and the lows are re-tested

Amateurs are expecting a break to new lows but the professionals step in

Bullish divergence on better momentum coincides with an “end of trend” warning signal on better sine wave

The market ends up putting in a low at 1,060 and rallying to 1,075 before professionals take profits and we get exhaustion buying volume.

More screenshots of better pro am in action

Better pro am: volume patterns emini (5 minute)

Better pro am: volume patterns emini (60 minute)

Better pro am: volume patterns euro (15 minute)

Better pro am: volume patterns euro (daily)

Better pro am: volume patterns crude oil (daily)

Better pro am: volume patterns AAPL (daily)

Better pro am: volume patterns AAPL (5 minute)

Better pro am: professionals emini (1,500 tick)

Better pro am: amateurs emini (1,500 tick)

Better pro am: double top volume pattern (emini 1,500 tick)

Better pro am: double top volume pattern (emini 500 tick)

Better pro am: tradestation inputs

How to calculate average trade size

Whenever I put up a chart with the average trade size indicator, the emails roll in. “how did you do that?” they ask. Well, this video has the answer. But don’t be surprised if you kick yourself once you’ve seen it. Nothing super secret or fancy dancy here.

And here’s a screen grab of the indicator code. In easylanguage I use “upticks + downticks” to calculate volume (or tick count). It’s more complicated than the “volume” reserved word – but trust me, it’s more robust when switching between tick charts, minute charts and daily charts.

screen grab of the TradeStation EasyLanguage code to calculate average trade size

And if you don’t use tradestation, here’s what you’re trying to recreate with your charts. Two data streams: one with “trade volume” and one with “tick count”. Then use an indicator to divide one data stream by the other.

image of TradeStation chart with two data streams to calculate average trade size

Does better pro am have input settings for different markets?

No. Better pro am is dynamic and no fixed average trade sizes are coded into the indicator and there are no parameters that need to be optimized.

The indicator is not just for trading the emini. You can use it on any market with volume data and the indicator will automatically calculate what levels to use for amateur and professional activity. Personally I hate optimized code and none of the ‘better’ indicator input parameters need to be changed based on the market traded or market conditions.

What about the different average trade sizes for day and after-hour sessions?

At the end of the day session better pro am will take a few bars to “re-calibrate” with the lower trade sizes in the after-hours. So a few amateur yellow bars will show immediately after the close. Then things will get back to normal and better pro am will start showing real amateur and professional activity.

How is better pro am different from the better volume indicator?

The better pro am paintbars (blue and yellow bars) identify professional and amateur activity using average trade size. Professionals trade in size; amateurs trade in singles and doubles. So analyzing average trade size directly identifies professional and amateur activity.

Better volume infers professional activity by looking for large volume but relatively small range bars – “high churn” bars. The assumption is that professionals can enter/exit without moving price significantly. Part of the reason they can do this is that they enter/exit at price extremes. Amateurs are seen on low volume bars.

In my personal trading I’ve switched 100% to better pro am from better volume. Better volume was/is a great volume indicator – I made a lot of money with it plus got recognition and website traffic by releasing it as a free indicator. But times change, trading methodologies evolve and it’s time to move on.

Better pro am faqs

This is a tradestation glitch/limitation – text and trend lines can only be plotted to the nearest minute, not second. When the market is moving quickly the signal text (R) is plotted at the nearest whole minute bar and not above or below the real signal (amateur bar). Apologies, nothing emini-watch can do.

Summary

This article should have convinced you to:

Use trade size to spot professionals and amateurs. The better pro am indicators use a proprietary algorithm to analyse average trade size and identify professional & amateur activity. They work in any time frame (tick to monthly charts) and for any market (futures, stocks, forex, etc.), however, the professional and amateur paintbars are best used on tick charts.

Anticipate trend changes with professional activity. Professionals can be seen active at trend changes, buying new lows and selling new highs. But amateurs chase the trend, buying breakouts and selling breakdowns, highlighted by the RAMBO (“reversal of amateur break out”) volume pattern.

Watch for volume patterns too. Leading into trend changes you’ll see professional accumulation & distribution patterns like stopping volume, profit taking and no demand/no supply.

Don’t use just one indicator. Use confirming indicators to identify high probability trades. In my trading I use a combination of 3 non-correlated indicators, this includes better pro am.

Upgrade from better volume. Lastly, in my own trading, better pro am has now replaced better volume.

What people are saying about better pro am

The blue bars professional bars on YM and ZQ are great at tipping the market direction. Really works beautifully. Thanks again for all the work in building these indicators.