June 21, 2023
Quotex volume indicator
The Volume Oscillator in isolation from other indicators is not very effective on short timeframes, but gives a good understanding of the strength of market participants (sellers / buyers).
I advise you to open it on a 5 minute timeframe and look at the volumes. If you see a decrease (decrease in the value of the bars in the picture), it means that the sellers are running out of strength and will soon be replaced by the sellers. As you can see, the sellers have tried to squeeze the price, but the forces were equal and the price began to move in a corridor, where there are no distinct volumes. At these moments, I advise you not to trade on such a pair, and to look for a more active one in terms of volumes.