Summary of Normalized Volume Indicator for MT4/5 Download - Free - [TradingFinder]

The video presents the Normalized Volume Indicator available for download on the TradingFinder website for MetaTrader 4 and MetaTrader 5 platforms. This indicator helps traders analyze market volume and trends by displaying Volume Histogram bars relative to a threshold level.

Main Financial Strategies and Market Analysis:

• The indicator identifies main market volumes and trends by using a threshold level.
• When histogram bars rise above the threshold, they turn blue, indicating stronger volume or trend activity.
• Bars below the threshold are orange, signaling weaker volume or trend presence.
• Traders can use this visual cue to perform their own market analysis and make informed trading decisions based on volume strength.

Methodology / Step-by-Step Guide to Use the Indicator:

• Download the indicator file for MT4 or MT5 from the TradingFinder website.
• Open the Navigator section in your MetaTrader platform.
• Drag and drop the indicator file onto your chart.
• Enable the Allow DLL Imports or Allow this import option in the indicator settings.
• Click OK or Confirm to apply the indicator.
• An Oscillator window will appear at the bottom of the chart showing the normalized Volume Histogram.

Customization Options:

• Period Setting: Default is 14, can be adjusted (e.g., 20).
• Signal Threshold Level: Default is 3 ticks, adjustable (e.g., 110).
• Indicator Style/Template: Four options available:
  • Auto (default): Changes candle colors (bullish green, bearish red).
  • Light: Applies a light template for clarity.
  • Dark: Applies a dark template for low light comfort.
  • Custom: Keeps your personalized template and applies only the indicator.
• Example settings used in the video: Dark template, signal threshold 110, period 20.

Conclusion:

The indicator is a useful tool for traders to visually assess volume strength and market trends, enhancing their technical analysis capabilities. Users are encouraged to share feedback and suggestions in the comments section.

Presenter/Source:

• TradingFinder (no individual presenter named)

Notable Quotes

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Category

Business and Finance

Video