Summary of "馃搶Volume MA Indicator MetaTrader 4/5 Download - [TradingFinder]"
The video presents the Volume Moving Average Indicator available for MetaTrader 4 and MetaTrader 5, downloadable from the TradingFinder website. This indicator is designed to enhance volume-based trading analysis by combining volume data with price action to generate buy and sell signals.
Main Financial Strategies and Market Analysis:
- The indicator focuses on volume analysis combined with candlestick closing prices to identify trading signals.
- It generates buy signals when:
- The current candlestick鈥檚 volume exceeds a specified percentage of the volume moving average.
- The closing price of the current candlestick is higher than the previous candlestick鈥檚 close.
- It generates sell signals when:
- The closing price of the current candlestick is lower than the previous candlestick鈥檚 close.
- The volume is higher than the set average volume threshold.
- The indicator uses color-coded histogram bars to represent different market conditions:
- Green bars: Bullish candlesticks with volume above the breakout threshold (buy signal).
- Dark red bars: Bearish candlesticks with volume above the breakout threshold (sell signal).
- Gray bars: Bullish candlesticks with volume below the breakout threshold.
- Pink bars: Bearish candlesticks with volume below the breakout threshold.
Indicator Settings and Methodology:
- Volume type selection: Choose between tick volume (commonly used in Forex) and real volume (available in other markets).
- Moving average period: Default set to 50 periods for calculating average volume.
- Moving average calculation modes:
- Simple Moving Average (SMA)
- Exponential Moving Average (EMA)
- Smoothed Moving Average
- Linear Weighted Moving Average (LWMA)
- Threshold percentage: Defines the volume breakout level relative to the moving average to trigger signals.
- Data window feature: Allows users to hover over histogram bars to view exact volume and moving average values per candlestick.
How to Use the Indicator:
- Download and install the indicator file from TradingFinder for MT4 or MT5.
- Load the indicator by dragging it onto the desired chart from the navigator section.
- Adjust settings based on trading preferences and market type.
- Monitor the color-coded histogram for buy/sell signals based on volume and price action.
Presenters/Sources:
- The tutorial is provided by TradingFinder, the platform hosting the indicator and tutorial.
Category
Business and Finance