Aliev Volume Forex Indicator For Metatrader 4

Aliev is an MT4 indicator that measures and displays daily Forex volumes on the chart.

On the main activity chart, it displays the actual daily volume for each daily candlestick.

In a sub-MT4 window, the Aliev volume indicator displays blue and red colored bars.

  • A blue bar displays a bullish daily candlestick.
  • A red bar displays a bearish daily candlestick.

It can give some useful trend insights.

Feel free to experiment with the different volume input parameters.

Download This MT4 Forex Indicator Free

Download the “aliev-fx-volumes.ex4” Metatrader 4 indicator

Aliev Volume Forex Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With Aliev Volume Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Open a buy trade when the overall trend is bullish and the recent daily candlestick is bullish as well and volume is high.

Place a stop loss 5 pips below daily support, or use your own stop loss placement method.

Take profit at previous daily resistance or at reward/risk 2:1 ratio.

Sell Trigger: Open a sell trade when the overall trend is bearish and the recent daily candlestick is bearish as well and volume is high.

Place a stop loss 5 pips above daily resistance, or use your own stop loss placement method.

Take profit at previous daily support or at reward/risk 2:1 ratio.

Download This Forex Indicator Now

Download the “aliev-fx-volumes.ex4” MT4 indicator

Adjustable Parameters

Count bars, distance point, alerts, colors, width, style.

Usage

Combine with:

  • Trading oscillators (MACD, Stochastic, RSI,…)
  • Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
  • Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT4

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: volume

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

Share Now!