Volume Indicator Mt4 Explained
Introduction ease of movement is a momentum indicator developed by richard arm.
Volume indicator mt4 explained. A volume indicator that mt4 traders use is similar to any volume indicator from other markets. I am confuse for the color meaning. When traders focus on volume they want to spot market secrets. There 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.
Volume is one of the oldest day trading indicators in the market. The volumes indicator is the one we re interested in as it purely concerns itself with tick volume. The others utilise volume as part of their calculations. Metatrader 4 volumes folder.
The built in mt4 volume indicator is probably one of the most unappreciated free tools that many don t even know how to use. I would dare to say the volume indicator is the most popular indicator used by market technicians as well. The volumes indicator s description states that the value of volume corresponds to the number of ticks within a price candle. Or where the smart money buys or sells.
Therefore if h1 timeframe is enabled in a terminal a bar displayed on the volumes indicator s chart indicates the number of ticks per hour. But if we are solely focussed on volume then the best volume indicator is the one selected in the image. Hi on the volume averages v1 or volume custom indicators there are colors and i am not sure about the color represent. Naturally it s the volumes folder in mt4 s navigator that we re interested in.
Please explain more on the. As the name suggests this indicator is designed to measure the ease of the price movement. A large positive value indicates that. It is a volume based indicator which identifies the relationship between the rate of change in a security s price and its volume.
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