The big trend with volume Forex signal Metatrader 4 indicator provides colored volume bars that could signal the beginning of big market trends.
The green colored indicator bars typify increasing volume while the red colored bars stand for decreasing volume.
Simply, the MT4 indicator tells us when there’s a high/low interest in a currency pair (refer to EURGBP 1-Hour chart below).
Interpret the indicator as follows:
- A green colored bar found at a major support level illustrates increasing volume and a high interest in the pair of focus. It could signal the start of a big uptrend.
- A green colored bar found at a major resistance level illustrates increasing volume and a high interest in the pair of focus. It could signal the start of a big downtrend.
Tip: Trading the Fibonacci Retracement MT4 indicator together with the Big Trend With Volume Forex Signal Indicator creates a winning trading strategy.
In this case:
- A buy trend takes place when a green colored volume bar pops up while price is aligned around a support level, created by the Fibonacci Retracement tool.
- A sell trend takes place when a green colored volume bar pops up while price is aligned around a resistance level, created by the Fibonacci Retracement tool.
Download This MT4 Forex Indicator Free
Download the “all-volume-average-indicator.ex4” Metatrader 4 indicator
Big Trend With Volume Forex Signal Indicator Chart
Below is an example of how the indicator should appear when added onto the Metatrader 4 chart.
This indicator works well for any Forex pair and can be applied to all time frame’s.
Finding Buy and Sell Triggers With The Big Trend With Volume Forex Signal Indicator
Below is an example of how to buy and sell forex pairs with this technical indicator:
Buy Trigger: Open a buy trade order when a green colored volume bar pops up on the MT4 chart while price trades near support.
Place stop loss below immediate support level, or use your own stop loss placement method.
Close the buy trade at the instance a green colored column gets displayed while price hovers around a resistance level on the activity chart (bearish price reversal).
Alternatively, exit the buy trade for a fixed take profit target, for example, 55 pips on the 1-hour trading chart.
Sell Trigger: Open a sell trade order when a green colored volume bar pops up on the MT4 chart while price trades near resistance.
Place stop loss above immediate resistance level, or use your own stop loss placement method.
Close the sell trade at the instance a green colored bar gets displayed on the chart while price hovers around a support level on the activity chart (bullish price reversal).
Alternatively, exit the sell trade for a fixed take profit target, for example, 20 pips on the 1-minute scalping chart.
Download This Forex Indicator Now
Download the “all-volume-average-indicator.ex4” MT4 indicator
Adjustable Parameters
Time Frame, fast length, fast mode, slow length, slow mode, break outpct, alert mode, sounds number, sounds pause, up sound, dn sound, email mode, emails number.
Usage
The indicator cannot be used as a stand-alone signals indicator.
Combine with:
- Trading oscillators (DeMarker, Stochastic Oscillator, CCI,….)
- Trend indicators (Bollinger Bands, ADMI, Envelopes,…)
- Price action methods (Fibonacci Retracement levels) 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: momentum
Installation
Copy and paste the indicator in the MT4 indicators data folder (click on ‘File > Open Data Folder’).
Right click within the MT4 terminal Navigator window to refresh or restart the terminal and add the indicator to any chart.
