What indicator can be used to confirm it with volume? That actually works well when used with volume Thanks

Answer
Most traders are aware of the two widely known approaches used to analyze a market, fundamental analysis and technical analysis. Many different methods can be used in each approach, but generally speaking fundamental analysis is concerned with the question of why something in the market will happen, and technical analysis attempts to answer the question of when something will happen.

There is, however, a third approach to analyzing a market. It combines the best of both fundamental and technical analysis into a singular approach that answers both questions of âwhyâ and âwhenâ simultaneously; this methodology is called volume spread analysis

What is Volume Spread Analysis?
Volume spread analysis seeks to establish the cause of price movements. The âcauseâ is quite simply the imbalance between supply and demand in the market, which is created by the activity of professional operators (smart money). Who are these professional operators? In any business where there is money involved and profits to make, there are professionals. There are professional car dealers, diamond merchants and art dealers as well as many others in unrelated industries. All of these professionals have one thing in mind; they need to make a profit from a price difference to stay in business. The financial markets are no different. Doctors are collectively known as professionals, but they specialize in certain areas of medicine; the financial markets have professionals that specialize in certain instruments as well: stocks, grains, FOREX, etc.

The activity of these professional operators, and more important, their true intentions, are clearly shown on a price chart if the trader knows how to read them. VSA looks at the interrelationship between three variables on the chart in order to determine the balance of supply and demand as well as the probable near term direction of the market. These variables are the amount of volume on a price bar, the price spread or range of that bar (do not confuse this with the bid/ask spread), and the closing price on the spread of that bar

Which indicator is better for Forex trading: CCI or RSI ?

Are they both leading or lagging indicator?
Please explain
Thank You

Answer
you should never hang your hat on one indicator....If your software can handle it you should have at least 3 indicators + a couple of SMA's and Bollinger bands.

Any one indicator will lie to you at any given time....however they rarely all lie at the same time. So both CCI and RSI are fine charting indicators....they are independent of each other so when both give a positive signal it is usually a good sign.

When I use indicators I chart their trends...not take note particularly where they are.

For example....rising into the so-called over bought range of RSI is bullish...trending out of it is mildly bearish...even though tha actual number is virtually the same.

It takes a lot of study to understand charting....most of it has to be worked out by yourself as books on the subject are often overly simplistic. If you trend the values of the indicators they will be on the leading side, unless of course there is a rapid value change in price. TA is of little help there...but then so is FA.

Consider using the following indicators: Slow Stochastics, MACD, BBWidth, ADX, CCI, CMF, On Bal Volume, RSI...consider the following overlays: 9 interval SMA, 20 interval SMA (where interval is the interval time update), Bollinger Bands and Parabolic SAR.

If you learn these overlays/indicators (it will take 6mo - 1 year to do it properly...or more) both individually and in combination with eachother, you will find your trading improves quite a bit....BUT it takes study...reading helps a little but repeated case studies are more helpful as you discover things that books never talk about.

Remember...ALL INDICATORS LIE TO YOU...BUT THEY DON'T DO SO AT THE SAME TIME....A consensus of results is usually quite reliable.