The volume indicator helps traders get the additional information and confirm the prevailing sentiment of the market. In addition, traders can use these volume indicators to determine the buying and selling signals and where to put stop loss. For example, traders can look for buy entry points in such signals when the buying volumes increase Here’s the list of some of the frequently used best volume indicator forex: 1. On Balance Volume (OBV) indicator 2. Volume Price Trend (VPT) indicator 3. Volume Relative Strength Index (RSI) 4. Chaikin money flow indicator 5. Money flow index 6. Accumulation/distribution On Balance Volume (OBV) Indicator Volume Indicators for MT4 - Download Free. Sort By: Sort by popularity Sort by average rating Sort by latest. Show: 30 60 Read more. Add to wishlist. Add to wishlist
Volume Indicators for MT4 - Download Free
Forex Volumes Indicator represents a histogram showing the number or the volume of trades made in the Forex market over a certain period of time usually candlesticks.
For example, if 20, contracts were sold and bought during a day, people say that trading volume amounted to 20, However, this approach is applicable only to the stock market.
As for the Forex market, things look a little different out there. It is impossible to track the total trading volume in terms of standard lots so traders use the so-called tick volumes. From the technical point of view, the difference between them is that tick volumes display the total number of changes in price over a particular period of time.
For example, if price changes times during an hour, tick volume will be equal to while the number of contracts traded is entirely different. As you can see, they are virtually identical to each other. Supposing that futures volumes are the truth, a high degree of correlation enables us to use the data provided by tick volumes virtually without themselves becoming ineffective. So far, real futures volumes MT4 indicator can be found only at some small private projects.
The rest of indicators are based on tick volumes. Mt4 volume indicator 4 terminal provides a standard volume indicator called "Volumes", which is mostly used for daytrading.
Green bar indicates an increase in the number of ticks for the selected currency pair in the market over the last hour as compared to the previous one. On the contrary, red bar indicates a decrease in the number of ticks for the selected currency pair in the market over the last hour as compared to the previous mt4 volume indicator. It is currently one of the best, or rather, the most popular volumes indicator designed for MetaTrader trading terminal. The current version differs from the previous one by more powerful customization capabilities and best suits for intraday trading.
The given mt4 volume indicator paints vertical bars of volumes in blue, yellow, green, red, mt4 volume indicator white colors. Blue bars account for much of the bars in the Better Volume Indicator. Blue bar means that nothing special has happened in the market and volumes of trades match the standard values for their time period.
A yellow bar indicates a very low trading volume. The bar of this kind always has a very low height. A decrease in volumes typically occurs when the current trend is close to its completion. The yellow bar may also mean the end of market retracement. A green bar implies that large volumes are present in the market.
At that, height of the candle corresponding to the green bar is mt4 volume indicator small, mt4 volume indicator. That is especially the case if large hedge funds close their positions or open new ones. When a green bar appears in the volumes histogram, it signals a possible change in trend direction. That does not mean, however, mt4 volume indicator, that price is going to reverse immediately and sharply.
The price reversal may happen later due to the effect of the market inertia. A red bar usually stands out for its height and indicates a large domination of buyers over sellers in the market, mt4 volume indicator.
This is often true when buyers enter the market quickly. The red bar may be followed by a change mt4 volume indicator trend direction from bearish towards bullish or a deep bullish retracement, mt4 volume indicator.
A white bar plays the same role as the red one. The only difference between them is that the former signals a sharp increase in the activity of sellers in the market. The white mt4 volume indicator may be followed by the market reversal to the downside preceded by an uptrend or a deep mt4 volume indicator retracement. The diagram of the Better Volume indicator also includes a moving average which primary purpose is to divide bars of volumes by their height.
In conclusion, let us stress that the Better Volume indicator actually provides traders with a basis for developing their own trading system. Despite its simplicity, it appeals to the fundamental data, i.
trading volumes that always have an immense impact on price direction, forming and fading of trends. If you have any difficulties while installing the indicator, please view the detailed instruction.
Home Products Indicators Signal Better Volume. How to Install. Product Info, mt4 volume indicator. System Requirements. Product Categories. Indicators 22 Sentiment 9 Signal 6 Utilities 7. All-In-One Free. The indicator automatically draws important Pivot Points using the most popular methods: Classical FloorCamarilla, Woodie and Fibonacci. OrderBook Pro.
Open trades and pending orders of retail traders are displayed as a two-sided histogram. The indicator will spot support and resistance levels with which the price has actively interacted before. StopLossClusters Pro. The indicator displays levels on the chart with mt4 volume indicator maximum volume of Stop Losses set by other market participants.
TradingSessions Free. Shows the most significant trading sessions for the Forex market, mt4 volume indicator, such as London, New York, Tokyo, and Sydney. Recommended Brokers Most Popular Trusted Low Spreads.
Overview Reviews Download for MT4. Related Products. AutoTrendLines Free. The indicator automatically spots and displays trend lines on the chart. Crossover Free. Signal indicator based on triple exponential moving average. AutoTrendChannels Free. The indicator automatically detects the channel boundaries with the moving price and displays them on the chart. OpenInterest Pro.
The sum of all Sell and Buy orders held by retail traders. What's Next? Learn basic Sentiment Strategy Setups.
Volume Profile Indicator for MT4 - SETUP EXPLAINED
, time: 2:27Trading Volume Indicator (MT4) - Free Download - Best Forex Indicators - Forex Racer
Here’s the list of some of the frequently used best volume indicator forex: 1. On Balance Volume (OBV) indicator 2. Volume Price Trend (VPT) indicator 3. Volume Relative Strength Index (RSI) 4. Chaikin money flow indicator 5. Money flow index 6. Accumulation/distribution On Balance Volume (OBV) Indicator Volume Profile Indicator for MT4 - Download FREE | IndicatorsPot Volume Indicators for MT4 - Download Free. Sort By: Sort by popularity Sort by average rating Sort by latest. Show: 30 60 Read more. Add to wishlist. Add to wishlist
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