💎 Quasi Volume Bars Indicator for MetaTrader 4/5 – Free – [TradingFinder]

The video introduces the Quasi Volume Bars Indicator available for MetaTrader 4 and MetaTrader 5, downloadable from the Trading Finder website. This indicator helps traders analyze long-term market trends by displaying volume-based bars derived from higher time frames directly on lower time frame charts.

Main Financial Strategies and Market Analysis:

• The indicator analyzes trading volume over specified longer time frames and represents this data as colored bars on the chart.
• Green bars signal an upward (bullish) trend, while Golden bars indicate a downward (bearish) trend.
• Traders can use these visual cues to identify trend shifts and make informed entry decisions, such as buying when Green bars increase, indicating a bullish market.

Key Features and Methodology:

• The indicator calculates volume data based on a selectable time frame ranging from 1 minute up to 1 month.
• It offers four modes for calculation periods: weekly, monthly, quarterly (3-month periods), and yearly.
• The chart’s base time frame should be significantly lower than the selected calculation time frame to ensure meaningful analysis.
• Users can set the maximum number of volume bars displayed on the chart (default is five).

Step-by-step Usage:

• Download the indicator file for MT4 or MT5 from the Trading Finder website.
• Load the indicator from the navigator section and drag it onto the chart.
• Adjust settings under the input tab:
  • Select the calculation time frame.
  • Choose the calculation mode (weekly, monthly, quarterly, yearly).
  • Set the maximum number of volume bars to display.
• Observe the colored volume bars on the chart to identify market trends and guide trading decisions.

Presenters / Sources:

• The tutorial is provided by Trading Finder, as indicated in the video and website references.