Trading Volume Indicator for MT4
<h2><strong>Introduction to the Trading Volume Indicator</strong></h2>
<p>Volume, momentum, and market strength are key indications that price is about to move in a certain direction. The Trading Volume indicator is one indicator which can help traders objectively classify a momentum type of trade setup as one having volume and strength or not.</p>
<h2><strong>What is the Trading Volume Indicator?</strong></h2>
<p>The Trading Volume indicator is a custom technical indicator which works somewhat like a market sentiment indicator. It indicates the strength of the bulls and the bears of the market. What is unique about the Trading Volume indicator is that it makes use of trading volume as a basis for measuring the strength of the bulls and the bears.</p>
<h2><strong>How the Trading Volume Indicator Works?</strong></h2>
<p>As the name suggests, the Trading Volume indicator bases its measure of the strength of bulls and bears on tick volume in relation to price movements. Its measure of volume is also somehow based on the ratio of the body of the candle, whether it has to have moved up or down.</p>
<p>This indicator can be set to base its calculation of volume and strength based on Body Ratio, Bid Ratio, and Open Ratio. This can be modified on the “Calculation By” variable under the Inputs tab of the indicator’s settings.</p>
<p><img loading="lazy" class="alignnone size-full wp-image-65379" src="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/Trading-Volume-indicator-for-MT4.png" alt="Trading Volume indicator for MT4" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/Trading-Volume-indicator-for-MT4.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/Trading-Volume-indicator-for-MT4-300x206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/Trading-Volume-indicator-for-MT4-768x528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/Trading-Volume-indicator-for-MT4-218x150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/Trading-Volume-indicator-for-MT4-436x300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/Trading-Volume-indicator-for-MT4-100x70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<p>This indicator displays its percentage reading of trading volume and market strength on the upper left corner of the price chart.</p>
<p><img loading="lazy" class="alignnone size-full wp-image-65378" src="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-Trading-Volume-Indicator-Works.png" alt="How the Trading Volume Indicator Works" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-Trading-Volume-Indicator-Works.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-Trading-Volume-Indicator-Works-300x206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-Trading-Volume-Indicator-Works-768x528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-Trading-Volume-Indicator-Works-218x150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-Trading-Volume-Indicator-Works-436x300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-the-Trading-Volume-Indicator-Works-100x70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h2><strong>How to use the Trading Volume Indicator for MT4</strong></h2>
<p>As mentioned earlier, this indicator is somehow very similar to a market sentiment type of indicator. However, this indicator is somehow geared towards the short-term since it bases its calculation on the candle that is currently forming.</p>
<p>As such, we can use this indicator to gauge whether there is an imbalance between the strength of the bulls and the bears. This will be based on having one side of the market having a significantly larger percentage over the other. This would mean that there is strong momentum in the direction indicated and we could trade a momentum trade in that direction.</p>
<h3><strong>Buy Trade Setup</strong></h3>
<p><strong><em>When to Buy?</em></strong></p>
<p>Identify a bullish momentum type of trade setup. Open the buy trade only if the bullish volume percentage is above 80% confirming the strength of the bullish momentum. Set the stop loss below the entry candle.</p>
<p><strong><em>When to Sell?</em></strong></p>
<p>Set the take profit on the next resistance level based on a major swing high level and allow price to reach the target.</p>
<p><img loading="lazy" class="alignnone size-full wp-image-65377" src="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Buy-Trade.png" alt="How to use the Trading Volume Indicator for MT4 - Buy Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Buy-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Buy-Trade-300x206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Buy-Trade-768x528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Buy-Trade-218x150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Buy-Trade-436x300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Buy-Trade-100x70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h3><strong>Sell Trade Setup</strong></h3>
<p><strong><em>When to Buy?</em></strong></p>
<p>Identify a bearish momentum type of trade setup. Open the sell trade only if the bearish volume percentage is above 80% confirming the strength of the bearish momentum. Set the stop loss above the entry candle.</p>
<p><strong><em>When to Sell?</em></strong></p>
<p>Set the take profit on the next support level based on a major swing low level and allow price to reach the target.</p>
<p><img loading="lazy" class="alignnone size-full wp-image-65376" src="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Sell-Trade.png" alt="How to use the Trading Volume Indicator for MT4 - Sell Trade" width="977" height="672" srcset="https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Sell-Trade.png 977w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Sell-Trade-300x206.png 300w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Sell-Trade-768x528.png 768w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Sell-Trade-218x150.png 218w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Sell-Trade-436x300.png 436w, https://www.forexmt4indicators.com/wp-content/uploads/2016/08/How-to-use-the-Trading-Volume-Indicator-for-MT4-Sell-Trade-100x70.png 100w" sizes="(max-width: 977px) 100vw, 977px" /></p>
<h2><strong>Conclusion</strong></h2>
<p>This indicator does not provide trend or momentum reversal signals or even trend biases. However, it provides information regarding the strength of the market movement. This indicator can serve as a confirmation of a momentum type of trade setup.</p>
<p><h3><span><strong>MT4 Indicators – Download Instructions</strong></span></h3>
<p>Trading Volume Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.</p>
<p>Trading Volume Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.</p>
<p>Based on this information, traders can assume further price movement and adjust their strategy accordingly. <strong><a href="https://www.forexmt4indicators.com/category/forex-strategies/" target="_blank" rel="noopener noreferrer">Click here for MT4 Strategies</a></strong></p>
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<h4><strong>How to install Trading Volume Indicator for MT4.mq4?</strong></h4>
<ul>
<li>Download Trading Volume Indicator for MT4.mq4</li>
<li>Copy Trading Volume Indicator for MT4.mq4 to your Metatrader Directory / experts / indicators /</li>
<li>Start or restart your Metatrader 4 Client</li>
<li>Select Chart and Timeframe where you want to test your MT4 indicators</li>
<li>Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client</li>
<li>Right click on Trading Volume Indicator for MT4.mq4</li>
<li>Attach to a chart</li>
<li>Modify settings or press ok</li>
<li>Indicator Trading Volume Indicator for MT4.mq4 is available on your Chart</li>
</ul>
<h4><strong>How to remove Trading Volume Indicator for MT4.mq4 from your Metatrader Chart?</strong></h4>
<ul>
<li>Select the Chart where is the Indicator running in your Metatrader 4 Client</li>
<li>Right click into the Chart</li>
<li>“Indicators list”</li>
<li>Select the Indicator and delete</li>
</ul>
<h4><strong>Trading Volume Indicator for MT4 (Free Download)</strong></h4>
<p><strong>Click here below to download:</strong></p>
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<p>La entrada <a rel="nofollow" href="https://www.forexmt4indicators.com/trading-volume-indicator/">Trading Volume Indicator for MT4</a> se publicó primero en <a rel="nofollow" href="https://www.forexmt4indicators.com">Forex MT4 Indicators</a>.</p>