medium · Volume Price Analysis support-resistance
What is 'Tick Volume' and why is it used as a proxy for actual volume in Forex?
- It counts the number of price changes per period and correlates highly with actual volume
- It is a lagging indicator that is mathematically derived from the Relative Strength Index
- It is an automated forecasting tool used to predict upcoming central bank interventions
- It measures the specific dollar amount transacted in each trade across the interbank market
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