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### Adaptive Market Volume – Forex & Gold

**Adaptive Market Volume** was designed to make volume/activity analysis more useful in markets where the volume displayed by the instrument does not necessarily represent the entire market, such as Forex, Gold, and index CFDs.

In decentralized markets such as Forex, the indicator **does not attempt to convert tick volume into true global volume**. Instead, it uses related centralized futures markets as institutional activity proxies. Each data source is normalized independently and, when available, combined with the instrument's local activity through a **Hybrid model**, producing a relative measure of market participation.

For example, **GBPUSD uses British Pound futures (6B)** as a reference, **EURUSD uses Euro futures (6E)**, and **XAUUSD uses Gold futures (GC)**. Supported index and energy CFDs use their corresponding futures markets as activity proxies as well.

The indicator also applies time-based normalization to reduce distortions caused by different trading sessions and typical intraday volume patterns.

Additional analysis modes include **Relative Momentum, Cumulative Effort, Efficiency, Micro Z-Score, and Micro Contrast**. Micro Contrast is especially useful on lower timeframes such as M1–M5, making differences between low, medium, and high activity easier to visualize without changing the underlying Adaptive Volume calculation.

**Recommended markets:**
**Forex:** EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, and USDCAD.
**Gold:** XAUUSD.
**Supported Indices:** Nasdaq 100, S&P 500, Dow Jones, Russell 2000, Nikkei 225, Hang Seng, DAX, and BRA50/Ibovespa when recognized through supported ticker aliases.
**Energy:** WTI Crude Oil and Natural Gas on supported symbols.
**Crypto, stocks, and futures:** use the native volume available from the instrument's own market/data feed.

**Important:** Adaptive Market Volume represents **relative market activity, not absolute global volume**. Results on Forex and CFDs depend on the availability and quality of both the local data feed and the corresponding futures proxy. Forex crosses without a direct proxy—such as EURJPY, AUDJPY, EURCHF, CADJPY, and CHFJPY—can still be used, but rely primarily on local activity and therefore do not have the same Adaptive coverage as the recommended Forex pairs.

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