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.
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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.
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Count bars, distance point, alerts, colors, width, style.
- 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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.