MT4 Volume Profile indicator is used to identify significant price levels based on trading volume that can act as support or resistance /07/01 · Follow the instructions below to install the Indicator to your MT4 terminal: Download the ZIP-archive with Better Volume indicator file by clicking the link at the top of the page; Unzip the file into the MQL4/indicators folder of your terminal; Restart the MT4 terminal; Run the indicator by double clicking the indicator name in the MT4 Navigator;4,1/5(47) /01/22 · The indicator displays the volume of the market in blue, yellow, green, red, and white colors of vertical bars. The bars are painted in response to different conditions like neutral volume, low/high volume, climax churn, and climax up high/down high volume. The blue bar painted by the indicator depicts that the market is trading at a normal volume
Forex Volume Indicator for MT4. Download Better Volume | FXSSI - Forex Sentiment Board
Mt4 volume indicator is a common understanding among forex traders that volumes in the currency exchange market are not measurable as there is no central exchange like with stocks for example. As a rule of the thumb remember that a Green bar on the indicator default colorsmeans that volume is increasing, as opposed to a Red bar which would mean, the volume is decreasing. Large volume signifies that there is a large number of market participants involved, including financial institutions.
Small volume tells that there are very little participants in the market, neither buyers no sellers have any significant interest in the price, mt4 volume indicator. In addition, no financial institutions will be involved, thus a market is going to be moved only by individual traders and so the move will be weak. An uptrend is strong and healthy if Volume increases as price moves with the trend and decreases when the price goes counter-trend correction periods.
When the price is going up and volume is decreasing, it tells traders that a trend is unlikely to continue. Price may still attempt to increase at a slower pace, but once sellers get the grip on it which will be signified by an increase in volume on a down candlethe price will fall. A downtrend is strong and healthy if volume increases as price move lower and decrease when it begins retracing upwards.
When the price is falling and volume is decreasing, the downtrend is unlikely to continue. The price will either mt4 volume indicator to decrease, mt4 volume indicator, but at a slower pace or start to rise. In the first phase on the image below blue arrows price is in a down trend, however, the volume is also decreasing.
That tells us that this trend is losing momentum and we can expect a reversal soon which it actually happened afterwards. Phase two showed progressively increasing volumes, mt4 volume indicator, creating a smooth up curve. This is a sign of a healthy trend. Notice the decrease in volume during corrections. Another example but this time the down trend the mt4 volume indicator marked between the vertical lines comes with increasing volume.
As you can see, after the correction happened, mt4 volume indicator, we saw a continuation down. To understand the nature of spike in volume before a trend reversal, traders need to know how the data for volume indicator is gathered in Forex. The Forex volume cannot be measured precisely as it is done, for example, in the Equity market, where every share traded equals 1 volume, and selling shares means in volume.
Forex by nature cannot count how many contracts and what sizes of contracts were mt4 volume indicator at any given time because the market is wide and decentralized. As it moves up and down volume adds up. When volume rises, it means lots of participants are actively selling and buying currencies. When volume spikes at a certain price level, traders know that there was lots of interest shown by traders to that price level.
If there is a lot of interest, mt4 volume indicator, it means the level is an important one. This simple observation of a volume indicator allows identifying important Support and Resistance levels, which would certainly play a significant role in the future. Where Volume spikes are distinctively extreme larger than any historical spikes around — Climax Volume — traders should look for clues from the price itself. Single volume spikes only bring the price to a halt. A lot of stand-alone average volume spikes occur during fundamental economic announcements on a daily basis.
News can cause a spike in volume for a single day and then volume disappears again. Reversals, however, mt4 volume indicator, happen not over one day but a series of days.
If higher than average volume stays on the market for several to many days a huge volume spike — volume climax — will crown a point of market reversal. When the market is consolidating on a low volume, a sudden pick up mt4 volume indicator volume would signify that a breakout is due. Breakout occurring on rising volume is a valid breakout, while a breakout that caused no interest from traders as it is happening on a low volume is more likely a false one.
Trend Line breakout confirmed with a significant increase in Volume. False breakout predicted as Volumes were decreasing during the breakout phase. I hope you have enjoyed our volume indicator mt4 guide and explanation.
Now you have learned the mt4 volume indicator, why not check out our mt4 hotkeys and mt4 shortcuts guide to really get the best out of the mt4 volumes indicator. Click To Join Our Community Telegram Group. The indicator bars are green if they are larger than the previous bar and red if it is smaller that the previous bar.
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, time: 8:59Volume Profile Indicator for MT4 - Download FREE | IndicatorsPot
The KT Volume Profile Indicator is available for free to both MT4 and MT5 trading platform users. This indicator displays the volume accumulation data as a histogram on the y-axis. You can use this indicator on all your time frames and markets and it is incredibly easy to download and start using. Get the KT Volume Profile Indicator for MT4 Here 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 /05/26 · Volume profile indicator for mt4 provides forex traders with low volumes, high volumes, and a volume point of control, VPOC. VPOC or POC is considered an important support or resistance area where trading volumes are at a peak level. As a consequence, the market is highly likely to reverse in the VPOC area
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