Trading Volume Forex Indicator MetaTrader 4, shows the volume of Buying and Selling Trades on the Current Bar Or overall of explicit number of last bars as you need . The two volumes are appeared with green and red hues for Buying and Selling Trading Volumes separately. Also, a Percentage proportion of the two Volumes shows up too in same hues. What’s more, Buying and Selling Volumes Expressed By Bulls and Bears .
Notice : This indicator Works on any timeframe and any Pair of Currencies
Calculation Methods:
Trading Volume
Trading Volume marker demonstrates the volume of Buying and Selling Trades on the Current Bar Or overall of explicit number of last bars as you need . The two volumes are appeared with green and red hues for Buying and Selling Trading Volumes separately. Furthermore, a Percentage proportion of the two Volumes shows up too in same hues. Also, Buying and Selling Volumes Expressed By Bulls and Bears .
Notice : This marker Works on any time span and any Pair of Currencies
Figuring Methods:
There are three different ways of figurings to be made (you can choose your appropriate route from information sources)
First: in the event that you pick (CalculationBy = BidRatio)The marker computes Buying and Selling Volumes Based on
Offer Price(Close Price)
Implies that Bulls = Bid Price – Low Price
Bears = High Price – Bid Price
Second: in the event that you pick (CalculationBy = OpenRatio)
The marker computes Buying and Selling Volumes Based on
Open Price
Implies that Bulls = High Price – Open PriceBears = Open Price – Low Price
Third: in the event that you pick (CalculationBy = BodyRatio)
The marker computes Buying and Selling Volumes Based on
The Candle Body Length partitioned on absolute light length regarding its bearing
Information Settings:
First Parameter (CalculationBy) Explained above in detail.
Second Parameter (InpPeriod) it demonstrates to the quantity of bars to Calculate their normal by pointer on the off chance that you need to apply pointer on the present bar just enter (0).
Third Parameter (Position) it demonstrates to the position that pointer Panel shows up on.
Fourth Parameter (X_Offset) to move marker Panel Horizontally.Fifth Parameter (Y_Offset) to move marker Panel Vertically.
- First Parameter (CalculationBy) Explained above in detail.
- Second Parameter (InpPeriod) it indicates to the number of bars to Calculate their average by indicator. If you want to apply indicator on the current bar only enter (0).
- Third Parameter (Position) it indicates to the position that indicator Panel appears on.
- Fourth Parameter (X_Offset) to move indicator Panel Horizontally.
- Fifth Parameter (Y_Offset) to move indicator Panel Vertically.
Trading Volume MT4 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
Trading Volume – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How To Install Trading Volume MT4 indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy Trading Volume MT4 to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Trading Volume MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart
How to remove Trading Volume MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
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