The Price With Volume Metatrader 4 Forex indicator gauges the market’s willingness to move the price up or down.
The indicator combines price with volume in a bid to capture the true market development and also evaluate the efficiency of price action in the market.
Simply put, the price with volume Metatrader 4 forex indicator tells when the market is liquid and active, with potential to accommodate buying/selling interest from long/short term traders.
- Just to get a clearer picture of how the market is fairing, pay more attention to the changing color of the histograms on the price with volume MT4
- Generally speaking, the indicator displays four different histogram colors, green, brown, blue and pink as a means of depicting changing market sentiments.
- When the indicator prints a green histogram, it is a signal that the market trend is already on the move, and trading in the direction of the market is the right way to go.
- The blue histogram denote price move that is not supported by volume and is also tagged a fake move. The pink histogram appears at the end of every trend, while the brown histograms appears when the market is starting to fade.
Feel free to explore the Price With Volume Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Chart Example (NZD/CHF M15 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 Price With Volume MT4 Signals Indicator
Buy Signal: Go long when the silver histograms of the MACD MT4 indicator align above the zero-horizontal level, while the blue line of the Alligator indicator crosses below the lime and red lines in a bottom up manner.
Wait for the Price With Volume indicator to print a green histogram as a confirmation for a buy entry.
Sell Signal: Go short when the silver histograms of the MACD MT4 indicator position below the zero-horizontal level, while the blue line of the Alligator indicator crosses above the lime and red lines in a top downward fashion.
Wait for the Price With Volume indicator to print a green histogram as a confirmation for a sell entry
Exit buy trade: Close all buy orders if while a bullish trend is running, the MACD indicator prints a silver histogram below the zero-horizontal level, or the lime line of the Alligator indicator intersects its red line. Confirm the buy exit after the Price With Volume indicator prints a pink histogram.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the MACD indicator prints a silver histogram above the zero-horizontal level, or the lime line of the Alligator indicator intersects its red line. Confirm the sell exit after the Price With Volume indicator prints a pink histogram.
Tips: The Price With Volume indicator is an extremely reliable trend confirmation tool that every trader should have, regardless of trading style or market expertise.
We have included the MACD and Alligator indicators to it, to further show its prowess in trend confirmation.
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Colors, width, fonts.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: 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.