okay banks use volume and have been for years, not sure if you're aware of it
it is not a technical indicator it is real orders of people in the markets , it is money flow
you cannot use it in mt4 , only certain softwares you can pay for this information, ticks are all you get in mt4
so how do you replicate?
you find gaps that are similar impulses - thats why you hear of ict traders using fair value gaps
but really its just the same representation as an imbalance in orderflow
when price is not in a state of push or pull from these orderblocks the market will continue to flow until a strong match or resistance in these orders has changed
imbalance is one signal ,
another is volume turnover just because a candle went up 500 orders/ticks/ doesnt mean it will continue to move that way if the candle still closes the opposite direction
because the lot sizes are another factor which cannot be expressed because of dark pools, and pending orders
markets are decentralized and derivatives in currency so orderflow makes up only roughly 70% but thats plenty for banks to consistently rake money without fuss
the zig zag and flow line do a good job of expressing this and certainly can predict some, 50/50 however less than real volume which is order flow actual numbers
it is the best alert probably , fractals too slow and common
