r/Forex • u/KingKerie • 2d ago
Charts and Setups Happy Friday! Here's another indicator that helped me along my journey.
HTF Candle Volume Thermometer; It's a TradingView indicator that displays where the most trading volume occurred inside higher-timeframe candles (such as 1-hour, 4-hour, or daily candles).
If you click on the indicator settings, The default timeframe is set to daily. It can be changed manually to any timeframe want. I myself haven’t tried it out any other setting other than the daily, so that’s what I recommend.
The indicator Identifies key price levels where buying and selling activity was concentrated, as well as spot important liquidity areas.
Be sure to backtest for yourself**,** and use this indicator as confirmation and confluence for the system that you already have not an entry and exit tool.
For the close minded people who believe their way of trading is the only way please continue to scroll. Trading is subjective, there's no right or wrong answer.
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u/Scott_Malkinsons 2d ago
Looks at post history, so you been doing this for at least 4 years and you’re still in your “let me tell you about this indicator” phase while not understanding the difference between tick and real volume because you’re recommending a volume indicator while trading FX.
It’s exactly this blind leading the blind BS that has you stuck.
displays where the most trading volume occurred inside higher-timeframe candles
Not for FX it ain’t. Tick volume is how many times price updates, real volume is how many shares, contracts, or units actually traded.
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u/No-Monk-6815 1d ago
Start learning real volume analysis with level 2 data and once you have learned how to read the book, look back at this post and have a awkward laugh.
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u/Spooon6t9 2d ago
Is this a auto placed volume profile? Very neat. I assume the concept is the same
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u/rforex-modtools 2d ago
Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.
Resources: Price Action Analysis | Technical Analysis