Feb 12, · A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on BetterVolume new with Alerts blogger.com4 download link will appear after 10 seconds Better Volume Forex MT4 Indicator. As the name implies, the Better Volume Forex indicator measures and displays market volume. You can find great winning trades with it on any time frame! Volume appears in the form of colored bars in a sub MT4 window underneath the main trading chart
Forex Volume Indicator for MT4. Download Better Volume | FXSSI - Forex Sentiment Board
Typically, volume indicators or psychological indicators are rarely used in trading. Better volume Forex Indicator is no exception to this rule. Actually, any volume indicator provides the trader with the same information: the amount of money brought to the market at a particular point of time.
This is the first sign that the big players entered the market and the situation may soon change dramatically. The sharp rise in the volume indicator suggests that the considerable amount of money was brought to the market, which can lead to a reversal of the trend, or at least to the end of correction.
The main difficulty lies in the correct identification of the received signal, because it is necessary to take into account both the readings of the indicators and the volatility of the pair in a certain period of time. Better volume indicator has a number of features that facilitate this process, how to make use of bettervolume indicator for forex mt4.
Better volume Forex indicator: peculiarities of work. The main feature of this indicator is that it takes into account several typical combinations of candles and volume quantities. The indicators for each signal are color coded for your convenience:. The peculiarities of the indicator should include the addition of the moving average with a period equal to by default, which is used as a secondary filter.
When the bar crosses it, the force of the received signal increases. Setup of the indicator is similar to installation of other indicators — all you need is to copy the files with. ex4 and. To get started, you need to drag the indicator to the price chart of the corresponding currency, how to make use of bettervolume indicator for forex mt4.
The settings of the indicator include such parameters as the color for each of the above signals, the period of the moving average by default and the number of candles that the indicator uses to calculate each new bar. By default, the indicator analyzes the data for the previous 20 candles, and this value is recommended to leave unchanged for any timeframe. Better volume Forex indicator, just like any other volume indicator, does not give a clear signal to enter the market.
Therefore, it can only be used in combination with other tools — for example, to determine the completion of the trend movement and timely profit-taking. The occurrence of one of these signals should only alert a trader and make them more closely monitor the situation in the market.
It is better to give the priority in making deals to the usual signals — for example, if the white bar appeared on the chart, it is better to wait for the breakthrough of the trend line. It is recommended to open the short position in this case only on the retest of the broken support line.
Integration of better volume indicator into trading system. The indicator under review can be integrated into almost any trading system. It can act as a decent filter of the false signals and help close the deal with maximum profit in time. Therefore, it can how to make use of bettervolume indicator for forex mt4 used both in indicator-only strategies and in trading with the help of the wave or technical analysis.
The trading system under review mainly uses technical analysis, Fibonacci levels and the Stochastic Oscillator. The indicator is used to search for divergences and the points the correction completion.
Special attention is given to candle combinations. If you add the better volume Forex indicator to the trading system, you will get another signal to enter the market. And it is clear that the indicator reported the near completion of the correction before the Stochastic did and before the retest of the trend line. Then the confirmation was received: a green bar, how to make use of bettervolume indicator for forex mt4. In some cases, this indicator makes it possible to minimize losses or to make a deal at the beginning of the emerging trend.
In the meantime, the usual analytical tools may fail to give clear signals to make a deal. In the example, the green bar tells at least about the beginning of the correction. This would allow to earn about 70 points. We should also note that the beginning of this correction how to make use of bettervolume indicator for forex mt4 only identified by the better volume indicator, while Stochastic is slightly below the overbought area at the moment.
The main drawback of the indicator is that it sometimes gives absolutely illogical signals. Generally, it is observed in the cases when the candle preceding to the signal has a very large body. This confuses the indicator, because it analyzes the previous 20 subsequent bars to calculate the next one.
But despite this, it can effectively be used as a reliable filter for the received signals. Join us:. Forex About the site. Open an account Forex brokers Forex bonuses Forex education Trading advisors Trading strategies Forex indicators Quotations Economic calendar. Better Volume Forex Indicator: One of the Best Volume Indicators. Better volume Forex indicator: peculiarities of work The main feature of this indicator is that it takes into account several typical combinations of candles and volume quantities.
The indicators for each signal are color coded for your convenience: blue: indicates the absence of signals. yellow: used to label the candles with very low volume.
The decrease in volumes suggests that market makers have left the market, and hence either the trend is played out or the completion of the correction is nearing. red: a combination of a bullish candle with a large spread and large volume. Characteristic of the origin of the bullish and completion or correction of the bearish trends. green: appears before the completion of the trend. Represents a combination of a small candle and a large volume. white: appears at the origin of a downtrend, as well as during the correction or completion of a bullish trend.
It is expressed as a combination of a large bearish candle and a significant volume on the chart. purple: a rare signal, expressed as a row of candles with a large volume on the chart. Risk Disclosure: Dewinforex. com administration warns that using the information provided on the Dewinforex.
com website, you do so at your own peril. All information is provided for reference and cannot be considered as a recommendation. Website administration is not responsible for damages resulting from the use of the information provided. Settlement of transactions in the foreign exchange and stock markets involves taking concomitant, high risks by the trader. Before you start trading, you need to understand how much you can lose, and in no case change this amount.
Please only risk with the funds available to you, and do not use borrowed money in trading. Mobile How to make use of bettervolume indicator for forex mt4.
Top 5 Volume Indicators for Non Nonsense Forex Trading System (More Profit)
, time: 8:09
Feb 12, · A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on Sep 04, · Better volume Forex Indicator is no exception to this rule. Actually, any volume indicator provides the trader with the same information: the amount of money brought to the market at a particular point of time. This is the first sign that the big players entered the market and the situation may soon change blogger.comted Reading Time: 5 mins BetterVolume new with Alerts blogger.com4 download link will appear after 10 seconds
No comments:
Post a Comment