Summary of ✏️ Positive Volume Oscillator (PVO) Indicator for MetaTrader 4/5 Download - Free [Tradingfinder]

The video presents the Positive Volume Oscillator (PVO) indicator available for MetaTrader 4 and 5, downloadable from the Tradingfinder website. It explains how to install, configure, and use the indicator for trading.

Main Financial Strategies and Market Analysis:

Trend Identification: The PVO helps identify bullish and bearish market trends by analyzing volume changes relative to price movements.
Buy Signal: When the blue EMA line crosses above the red positive volume line, it signals a potential bullish trend, suggesting entry into buy trades.
Sell Signal: When the blue EMA line crosses below the red positive volume line, it signals a bearish trend, suggesting entry into sell trades.
Exit Signals:
- Exit buy trades when the red line points toward a pin bar or when the blue line crosses below or touches the red line.
- Exit sell trades when the blue line crosses or touches the red line from below.

How the Indicator Works:

The red line represents the positive volume line, calculated by comparing the current candle’s close to the previous candle’s close, adjusted by volume.
The blue line is an Exponential Moving Average (EMA) of the positive volume line, smoothing the data to provide clearer trend signals.

Step-by-Step Guide to Using the Indicator:

Download the PVO indicator file from the Tradingfinder website for MT4 or MT5.
Load the indicator from the Navigator section in the Trading platform.
Enable "Allow DLL Imports" in the common settings.
Drag and drop the indicator onto the chart; an oscillator window will appear below the price chart.
Adjust settings under "Inputs":
- Set the positive volume period (default is 2).
- Set the EMA period (e.g., 5 or 21) to smooth the indicator line.
Use crossovers of the blue EMA line and red positive volume line to determine trade entries and exits.

Business Trend:

The PVO indicator is a practical, volume-based oscillator tool that enhances trend analysis and timing of trades by combining volume and price action, providing traders with actionable signals.

Presenter/Source: Tradingfinder website tutorial video on the Positive Volume Oscillator indicator for MetaTrader 4/5.

Notable Quotes

— 01:42 — « If our Blue Line crosses the red line upwards we can predict a bullish Trend and when the red line points us towards the pin bar we can exit our buy trades. »

— 01:55 — « When our Blue Line crosses the red line downwards we can predict a bearish trend and enter a sell trend trade. »

— 02:03 — « When the Blue Line crosses or touches the red line we can exit our sell trades and close the position here. »

— 02:55 — « We can see that the calculations have been applied to the chart showing us a relatively smoother line. »