The All variants of normal volume indicator is an Technical analysis tool that evaluates the relative strength of market movements over a specific time period. This Volatility indicator helps traders better understand volume and identify strong or reversal trends.

All Variants of Normal Volume Specification Table

Table below examines the general features of the All Variants of Normal Volume indicator.

Uptrend Conditions

The price chart below shows the EUR/USD currency pair on a 1-minute timeframe. When the volume approaches the line marked in pink, the oscillator indicates the strength of the uptrend to traders.

Downtrend Conditions

The following image displays the chart for the AUD/USD currency pair on a 5-minute timeframe. As the volume approaches the line, the oscillator signals the strength of the downtrend to traders.

Indicator Settings

Settings of the All variants of normal volume indicator can be seen in the image below:

• Type of volume to use (tick or real): Choose the type of volume
• Smoothing method (SMA, EMA, etc.): Select the smoothing method
• Smoothing period or depth (number of bars): Set the smoothing period or depth
• Smoothing phase parameter (affects smoothing): This parameter affects the smoothing phase

Conclusion

The All variants of normal volume indicator is a useful tool for trend strength analysis and volume change detection. To effectively use this indicator, traders should pay attention to both volume and price changes to identify critical points and trend shifts In markets like Forex.