Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis

0
(0)

Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 2

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.

Best Brokers List 

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:

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 3Register2007
🇦🇺 Australia
🇨🇾 Cyprus
🇧🇸 The Bahamas
🇸🇿 Seychelles
1:1000$200ASIC, SCB, FSA
Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 4Register2008
🇨🇾 Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 5Register2009
🇧🇿 Belize
1:2000$10FSC
Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 6Register2009
🇧🇿 Belize
1:3000$1IFCS
Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 7Register2009
🇨🇾 Cyprus
🇦🇺 Australia
🇧🇿 Belize
🇦🇪 Emirates
1:1000$5 ASIC, CySEC , IFSC
Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 8Register2010
🇦🇺 Australia
1:500$200FCA , ASIC, DFSA
Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 9Register2011
🇬🇧 England
1:500$25CySEC
Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 10Register2006
🇪🇭 Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Market Volume indicator settings

Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 11

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.

Market Volume Indicator MT4 : An Excellent Tool for Trend Analysis 12

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.

Get Market Volume Indicator

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?



Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.