Summary of "馃搳 All Variants of Normal Volume indicator MT4/5 Download - [TradingFinder]"
The video presents the "All Variants of Normal Volume Indicator" available for download on the TradingFinder website for MetaTrader 4 and MetaTrader 5 platforms. This indicator helps traders analyze market trends by measuring volume strength and candle strength, providing insights into trend strength and potential reversals.
Key Financial Strategies and Market Analyses:
- The indicator functions as an oscillator displayed at the bottom of the chart, showing volume changes relative to a threshold.
- It identifies trend strength and signals potential trend reversals through volume divergence.
- Example given: When the oscillator line moves above the threshold alongside strong bearish candles, it indicates strong selling pressure. A subsequent downward move in the oscillator and divergence signals a possible trend reversal to bullish.
- Traders can use these signals to time entries and exits based on trend shifts.
Methodology / Step-by-step Guide to Using the Indicator:
- Download the indicator file for MT4 or MT5 from the TradingFinder website.
- Load the indicator from the navigator section by dragging it onto the chart.
- Observe the oscillator window that appears below the price chart.
- Monitor the oscillator line relative to the threshold to assess volume strength and trend direction.
- Watch for divergences between price action and the oscillator to anticipate trend reversals.
Settings and Customization Options:
- Volume type selection: Tick volume (common in forex) or real volume (if available for other symbols).
- Moving average method choice for smoothing the volume data: SMA, EMA, SMMA, LWMA, etc.
- Averaging period input (default is 12).
- Additional inputs for time frame quality and smoothing parameters.
The tutorial encourages users to share feedback and suggestions in the comment section.
Presenter / Source:
Category
Business and Finance
