Big Times Volume Forex Metatrader 4 Indicator
The Big Times Volume Forex indicator displays the actual trade volume in the currency market.
It can be helpful in assisting currency traders to find profitable trade entries on any Forex pair.
Some traders use volume based indicators to find powerful range breakout trades.
The volume indicator works on all time frames and suits scalpers, day traders and swing traders.
- Big volume bars represents high market activity.
- Small volume bars represents low market activity.
- Use volume together with price action strategies for finding the best trade entries.
Learn below how to open buy and sell trades with the Big Times Volume MT4 indicator.
Indicator Example Chart
Here’s an example (USD/CHF M30 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Big Times Volume MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: A volume based buy range breakout trade will be triggered when a big volume bar appears on the chart and price breaks above its most recent trading range (define the trading range with price action).
Set stop loss below the trading range, or use your own favorite SL method.
Close the buy trade for a reward/risk ratio of 1.5 or better, or use your favorite buy take profit strategy.
Sell Trigger: A volume based sell range breakout trade will be triggered when a big volume bar appears on the chart and price breaks below its most recent trading range (define the trading range with price action).
Set stop loss above the trading range, or use your own favorite SL method.
Close the sell trade for a reward/risk ratio of 1.5 or better, or use your favorite sell take profit strategy.
Download This Forex Indicator
Adjustable Parameters & Settings
Color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can’t be deployed as a standalone scalping trading system or strategy.
Please combine with 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.