Metatrader 4 terminal provides a standard volume indicator called volumes which is mostly used for daytrading.
Volume spike indicator mt4. The best volume indicator that the mt4 trading platform offers interprets time too not only the price. How to install or add indicators meta trader 4 step by step if you already have indicators duration. 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 200 shares means 200 in volume. Yet no matter the volume indicator the strategy is the same.
It is far better than many 1000 indicator they are selling here or outside. Volume shown on a prorealtime chart hi traders i d like to share a volume indicator which sees lots of improvemen. Thank you very much. To find the best places to sell or buy a currency pair.
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. That s why traders use the tvs as explained in this article. 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. The volumes indicator s description states that the value of volume corresponds to the number of ticks within a price candle.
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