Hi RiskFighter, great to see you here! Negative values come from how many opposite tics there are present in a single bar which translates on the histo. You'll notice that if you go on the daily you have to adjust the look of the indicator because ...

Nova Volume Trading System

Absolutely smashing it mate, you picked it up so fast! Great work and thanks for explaining things to people too.

Nova Volume Trading System

Hi vmd and nice to see you here. It works on any timeframe although for me I use MTF analysis in alot of my decisions. The way I look at it is let's say on the daily there are 1 or 2 bullish bars in the histogram, the signal line is above or curving ...

Nova Volume Trading System

These blue/red candles with the nova are really good - both compliment each other perfectly Good stuff MachineLearn image

Nova Volume Trading System

I mainly trade the US session crossover even though I am based in the UK. Prefer when the market starts to really move but with the news today I stayed out and plus being friday - don't like how unpredictable it is. I do also follow AMDX/XAMD for ...

Nova Volume Trading System

IC Markets XAUUSD vs Gold Futures Centralised Volume XAU USD image Gold Futures image

Nova Volume Trading System

If entering on the big impulse moves down you can find yourself safe even though the stop loss will be bigger but I use a trade calculator to sort out my lot sizes. But even after the consolidation on the current trade we are still win. image ...

Nova Volume Trading System

For those who like to trade 1 or 2 trades per day this is what I would call A+ setups. They occur often and will usually be the start of a trend. Bearish: When you see the moving averages squeeze close and start to slope down you will want price to ...

Nova Volume Trading System

Some good trades available today - I don't trade fridays but if you had managed to get into those thats 8R The first loss would have been a silly one because the previous low was broke but I added it because some may have actually taken it image

Nova Volume Trading System

Really like the colour changing candles, I have it on my chart now

Nova Volume Trading System

You're welcome Cuchuflito, I am glad you are finding value in Nova Great work! - I am yet to trade today as I don't like friday especially with NFP How did the trades do? love that you have found your system. Most threads here focus on ...

Nova Volume Trading System

My results won't prove anything here because I have a longer period of experience and this system I created was for people new to it. The best way to see results is to back and forward test it which I've been showing.

Nova Volume Trading System

Not sure who that is tbf EDIT: I see now, he uses volume too. Volume is king of forex lol

Nova Volume Trading System

Yeah, volume makes the market move so using it as a confluence helps with entries. Works best with centralised markets though i.e futures.

Gold

Almost, I wait for volume to appear and then enter. Been trading gold for 2 years exclusively but decided to share my success with the forum in case it helps them which is why I mentioned.

Gold

I'm just glad it's helping you. Probably more advanced for beginners, for me my strategy works for me and me only. But I want this to just aid people instead of sticking to rigid rules that work for some and not others. Your input here is exactly ...

Nova Volume Trading System

So for an MTF approach If you were monitoring the 15M trend and price broke down below the 200EMA you could set a 1:2 trade on the 15m and follow it on the 1m chart. Example of 15M entry below: image Once you identify the 15M downtrend you can ...

Nova Volume Trading System

This is great! but just to add an indicator I developed has today hit 13 straight wins @ 1:2 for 26R before any loss on gold today during the 1M downtrend if you want to test it out image

Gold

It definitely helps once you know what RSI settings you want to use. For 1M i usually use 7. But the one you provided looks good as you can choose to enter counter trend on the lighter colour changes. I wouldn't enter on the deep red as it can be ...

Nova Volume Trading System

Check out RSI candles (by glaz) You can set the overbought and oversold and see if they work well for you too. They defo work for pullbacks My RSI is set to 65 - 35 If you set to 50 - 50 then you see just 2 colours Like below 65-35 image 50-50 ...

Nova Volume Trading System