A Masterclass In Using The Volume Point Of Control Indicator

A wide ranging forex trading session in which the open received an injection of momentum from US equities, as news from the ongoing China US trade tariff war filtered through, sending indices sharply higher coupled with yen selling. This was clearly shown on the renko optmiser indicator for NinjaTrader along with the trend dots and the trend monitor indicator on the ES emini futures contract for December. The Aussie dollar was another currency which also benefited, with the yen complex in general seeing yen selling and confirmed on the yen index.

As markets settled again it was on to the volume point of control and a detailed explanation of how to use this powerful indicator across the timeframes on the MT5 platform, but which was also in evidence on the charts for NinjaTrader.