- March 5, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
Market Volume Indicator Review
Forex traders often focus on technical indicators to analyze the market and make trading decisions. One parameter that is often overlooked is trading volume. However, trading activity with increased volumes is often associated with price reversals, making it an important consideration for forex traders. This is where the Market volume indicator comes in handy.
The Market volume indicator for mt4 provides forex traders with information on low volumes, high volumes, and a volume point of control (VPOC). The VPOC is an important support or resistance area where trading volumes are at a peak level, indicating a high likelihood of the market reversing in this area. This indicator provides forex traders with a complete snapshot of the volumes, making it a valuable tool for all types of online forex traders.
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The Market Volume Indicator Guaranteed Profit works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Market Volume indicator settings
Range period: Chart period used to calculate.
Range count: Count to include.
Timeshift: Shifts the indicator values.
Mode step (points): Steps in points.
Point scale: Multiplier of the steps.
Volume type: Uses Tick volume of MT4 by default, forex traders can change to Real volume.
Data source: Source of the volume.
Bar style: Style of the indicator bar.
Draw direction: Direction of the indicator bars.
Color 1: bar color.
Color 2: bar color.
Line width: Width of a bar.
Market Volume Stratgie
When using the Market volume indicator, traders can identify potential reversal areas and use them as entry and exit points. Once the VPOC or POC areas are marked, they become points for future support and resistance where markets often retest them, providing additional entry points. Additionally, the volume point of control provides a great exit point for booking profits.
Traders often combine the VPOC with TPO (Time Price Opportunities) to create a complete market profile. The combination of these two indicators helps the forex trader to have a market profile analysis. The Market volume indicator provides visual lines and bars, making it easier for traders to analyze the market and make informed decisions.
It is important to note that forex traders should confirm the indicator signals with price action for best trading results. While the Market volume indicator offers excellent trading opportunities, it should not be used in isolation. Instead, it should be used as a tool to complement other technical indicators and market analysis techniques.
Conclusion
the Market volume indicator for mt4 is a valuable tool for forex traders. It provides visual clues of potential market reversal zones in the charts, making it easier for traders to identify entry and exit points. By combining the VPOC with TPO, traders can create a complete market profile and make more informed trading decisions. While the volume profile indicator is free to use and easy to download, it should be used in conjunction with other technical indicators and market analysis techniques for the best results.
Market Volume Indicator Free Download
We highly recommend trying the Market Volume Indicator with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.
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