The Buy and Sell SMA Smoothed Volume MT4 indicator represents a simple moving average line of smoothed volume.
This indicator follows the trend and is quite popular among currency traders. Generally, it produces good results.
Asides the default moving average being simple, it can either be set to exponential, smoothed or weighted.
The indicator is known to eliminate noise and by so doing, traders can easily figure out price movements effortlessly.
As result of its signal reliability, traders can have peace of mind when putting to use the Buy Sell SMA Smoothed Volume indicator.
- In order to fully understand how the market works, pay more attention to how price reacts to the histograms within the sub-window of the Buy Sell SMA Smoothed Volume indicator.
- In line with the above, the Buy Sell SMA Smoothed Volume indicator prints orange and lime green histograms below and above its zero-horizontal level respectively.
- Scalpers, swing and day traders alike can fully utilize this indicator and make it a functional tool within their strategies.
Feel free to explore the Buy Sell SMA Smoothed Volume Indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart (NZD/CHF H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Buy Sell SMA Smoothed Volume MT4 Signal Indicator
Buy Signal: Go long when the Buy Sell SMA Smoothed Volume MT4 indicator prints lime green histograms above the 0.00 horizontal level.
Sell Signal: Go short when the Buy Sell SMA Smoothed Volume MT4 indicator prints orange histograms below the 0.00 horizontal level.
Exit buy trade: Close all buy orders if while a bullish trend is running, the Buy Sell SMA Smoothed Volume indicator prints an orange histogram within the indicator’s sub-window.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Buy Sell SMA Smoothed Volume indicator prints a lime green histogram within the indicator’s sub-window.
Tips: The Buy Sell SMA Smoothed Volume MT4 Indicator offers easy-ready signals that are quickly translated in profit-taking market positions just by anyone.
Regardless of market expertise, adding other technical indicators when creating trading strategies is an easy task to accomplish and also profitable.
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Smoothing period, smoothing method, turn alerts on, alerts on current (still opened) bar, alerts should show pop-up message, alerts should play alert sound, alerts should send push notification, alerts should send email.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.