Volume is the amount of a security traded during a specific period of time.
Volume is a significant indicator in technical analysis as it is applied to estimate the relative significance of a market move. If the market moves remarkably during a given period, then the strength of that movement gains credibility based on the volume for the period. The greater the volume during the price shift, the more notable the move is considered.
Most often, analysts use bar charts to indicate the level of the volume. Moreover, that type of charts allows to identify trends in volume easily. Additionally, bar charts could help to confirm a price movement. If the volume increases when the price declines or increases, it is considered as a strong price movement.
JForex 3 platform provides various volume indicators:
It is important to note that JForex does not provide the "time and sales" information with the volume and price actually traded. The historical charts show the price of the best bid and ask. The volume shown on the charts is the sum of the best bid or best ask orders size.