Summary of "💡 Tick Volume Oscillator for MetaTrader 4/5 – Free – [TFlab]"
The video presents a detailed tutorial and guide on the Tick Volume Oscillator indicator available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the Trading Finder website.
Key Technological Concepts and Features:
- Purpose: The Tick Volume Oscillator helps traders identify bullish and bearish market trends and signals potential trend reversals for buy or sell trades.
- Visuals: The oscillator appears in a separate window below the price chart.
- When above zero and green, it signals a bullish trend.
- When below zero and red, it signals a bearish trend.
- Trend Examples: The video shows how trend shifts on the price chart correspond with color and position changes in the oscillator line, providing actionable trade signals.
Indicator Settings and Customization:
- Volume Type:
- Tick Volume (default for Forex)
- Real Volume (available for symbols where real volume data is accessible)
- Display Type:
- Line (default)
- Histogram (optional)
- Moving Average Methods: The oscillator’s calculations can be based on various moving averages, each with distinct smoothing and responsiveness characteristics:
- SMA (Simple Moving Average)
- EMA (Exponential Moving Average)
- SMMA (Smooth Moving Average)
- LWMA (Linear Weighted Moving Average)
- JGMA (Modified moving average for transition smoothing)
- Girks (Complex algorithm with strong smoothing and low lag)
- Parma (Parabolic moving average)
- T3 (Multi-stage smoothing with reduced false signals)
- Vidia (Dynamic moving average adapting to market volatility)
- AMA (Adaptive moving average sensitive to trends and volatility)
- Smoothing Stages: Three stages of smoothing can be adjusted individually by setting the number of candles considered.
- Additional Averaging Models: JJMA, Vidia, and AMA models with adjustable periods.
- Shift Parameter: Allows shifting the oscillator line forward or backward on the chart by a set number of candles.
Demonstration:
- The tutorial shows switching the display to histogram mode, selecting EMA with a period of 10, and shifting the oscillator 10 candles to the right, illustrating how these settings affect the indicator’s appearance and signals.
Summary:
- The video is a comprehensive guide on installing, configuring, and interpreting the Tick Volume Oscillator for MT4/MT5.
- It explains the indicator’s functionality, customization options, and practical use cases for trend identification and trade entry signals.
- Viewers are encouraged to share feedback and suggestions.
Main Speaker/Source:
- The tutorial appears to be presented by a representative or developer from TFlab or the Trading Finder website, the source offering the indicator.
Category
Technology
