Summary of "馃挼 Weis Volume Flow Indicator for MetaTrader 4/5 Download - [TradingFinder]"
The video presents the Weis Volume Flow Indicator available for MetaTrader 4 and 5, downloadable from the TradingFinder website. This indicator helps traders analyze volume trends in relation to price movements to identify bullish and bearish waves.
Main Financial Strategy and Market Analysis:
- The indicator uses classical volume analysis to compare trading volume waves with price trends.
- In an uptrend, if the current price is higher than the previous bar, volumes of the current and previous candles are combined, showing increased volume bars.
- In a downtrend, if the current price is lower than the previous bar, volumes are similarly combined to reflect bearish volume waves.
- When a trend reverses, volume accumulation resets, and a new volume bar is started.
- Traders can select between two volume measurement methods: tick volume or real volume.
Step-by-Step Guide to Apply the Indicator:
- Download the Weis Volume Flow Indicator file from the TradingFinder website for MetaTrader 4 or 5.
- Open the Navigator section in MetaTrader and drag the indicator onto the chart.
- Enable "Allow DLL Imports" in the indicator鈥檚 settings before clicking OK.
- The indicator will display an oscillator window at the bottom of the chart showing volume flow.
- Adjust the volume method input setting according to preference (tick volume or real volume).
Presenter/Source:
- TradingFinder (YouTube channel)
Category
Business and Finance
