Last Updated on March 16, 2025 by Arif Chowdhury
Let’s face it.
Every trader has been there.
You’re staring at the charts, feeling the pressure to make the right move.
Should you buy? Sell? Just sit tight?
These questions can haunt you.
But what if I told you there’s a way to cut through the noise and make more confident decisions?
Welcome to the world of the Tick Volume Indicator and Balance of Power (BOP).
Combining these two can seriously ramp up your market entries.
Let’s dive into how they work together to give you that edge.
Understanding the Tick Volume Indicator 📊
First off, what’s the Tick Volume Indicator?
This tool doesn’t measure the actual volume of trades.
Instead, it counts the number of price changes in a given period.
This means:
- More ticks = more interest in that price level.
- Fewer ticks = less interest.
It’s like having a crowd meter for your trades.
When you see a spike in tick volume, it could indicate potential price movement.
Exploring the Balance of Power (BOP) 🔄
Now let’s talk about the Balance of Power.
This indicator measures the strength of buyers versus sellers.
- A BOP above zero indicates buyers are in control.
- Below zero? Sellers are taking charge.
It gives you a clear snapshot of market sentiment.
Why Combine Them? 🤔
You might be wondering, why bother with both?
Here’s the deal:
- The Tick Volume shows you where the action is.
- The BOP tells you who’s winning that action.
Together, they create a powerful narrative.
Steps to Combine Tick Volume and BOP for Better Entries
- Set Up Your Charts:
- Add the Tick Volume Indicator.
- Add the Balance of Power.
- Look for Divergence:
- When tick volume spikes but BOP doesn’t confirm, be cautious.
- If both indicators align, that’s your signal.
- Confirm with Price Action:
- Always check how the price is reacting.
- Look for support and resistance levels.
- Stay Aware of Market News:
- Major news can skew these indicators.
- Keep an eye on the economic calendar.
The Power of Automation
Now, here’s where it gets interesting.
I’ve developed a portfolio of 16 sophisticated trading bots that use the Tick Volume Indicator and Balance of Power strategy, among others.
These bots:
- Are diversified across major pairs like EUR/USD, GBP/USD, USD/CHF, and USD/JPY.
- Each bot is designed to minimize correlated losses.
- They trade primarily using H4 charts, targeting long-term gains of 200-350 pips.
What’s even better?
I’m offering this EA portfolio for FREE.
You can access it simply by joining through my affiliate link and depositing a minimum of $500 into your live account.
This isn’t just a gimmick.
I’ve backtested these bots for the past 20 years under all kinds of market conditions, and they’ve consistently performed well.
Statistical Insights 📈
Did you know that around 90% of retail traders lose money?
That’s a staggering statistic.
But with the right tools and strategies, you can be part of the successful 10%.
By combining the Tick Volume Indicator with the Balance of Power, you can enhance your decision-making process.
Another interesting fact: traders using multiple indicators tend to make more informed choices, leading to better overall performance.
Finding the Right Brokers
To leverage these indicators effectively, you need a solid broker.
I’ve tested various brokers and can confidently recommend the best options.
Check out Most Trusted Forex Brokers for a list of brokers that can support your trading journey.
A reliable broker can make a massive difference in your trading experience.
Conclusion
Combining the Tick Volume Indicator and Balance of Power isn’t just a fancy technique.
It’s a strategy that can lead to more accurate market entries.
By understanding both indicators, you can gauge market sentiment and potential price movements.
And remember, if you want to take your trading to the next level, check out my 16 trading bots that utilize these strategies.
They’re designed to enhance your trading performance while minimizing risk.
Let’s make those trades count!