Best Volume Indicator for Day Trading

The Best volume indicator i have found is called volume profile. The volume indicator shows you the buying and selling volume at specific areas in the chart. Volume profiles helps you determine whether the trend will continue or reject at specific prices.

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Links to the indicators

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Trading volume is a key metric used to assess activity levels across markets – including stocks and currencies. Find out why trading volume is important and how to use it in your trading strategy.
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What is trading volume?
Trading volume is the total number of an asset that were traded during a given time period. It’s usually measured for exchange-traded assets, such as stocks, bonds, options, futures and commodities. Trading volume doesn’t just indicate how many transactions are occurring, but also includes the total amount of an asset that was bought or sold during the transaction.

Volume charts will be plotted depending on the time period selected. For example, you can view an hourly chart, daily chart or weekly chart. Hourly volume reports are usually only estimates, whereas the daily report happens after market close and is more accurate.

Why is volume important in trading?
Volume is important because it’s closely linked with liquidity, which has a direct impact on trader’s abilities to open and close positions quickly and at their desired price. The effects of volume change depending on whether volume is high or low.

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