Volume with MA and color of candle Indicator For MT4 - Buy Entries And the longer the histogram bar the larger the difference between the opening and closing prices and can therefore be used to gauge the momentum of the market price movements. Similarly, when several consecutive red bars are plotted on the indicator’s histogram, it shows that there is a bearish trend in the market. If several consecutive green bars are plotted on the indicator’s histogram, it is an indication that there is a bullish trend in the market. These color codes can therefore be used to determine the trend of the just-closed candlestick on the main chat. On the other hand, if the closing price of the candlestick on the main chat is lower than the opening price, the bar on the indicator histogram is red. If the closing price of a candlestick on the main chat is higher than the opening price, the bars on the indicator’s histogram are green. Also, another difference between the standard volumes indicator and the Volume with MA and color of candle Indicator For MT4 is that the latter is modified so that the candlesticks (bars) plotted by the indicator also indicate whether the candlestick on the trading chat closes higher or lower than the opening price through the different color codes of the indicator histogram bars. The blue moving average line plotted on the indicator window helps to easily determine whether the closing of the volume candlesticks is higher or lower than the moving average. Therefore, besides the normal colored histogram of the standard volumes indicator, the Volume with MA and color of candle Indicator For MT4 plots an additional blue line, which represents the moving average of the volumes. Interpreting the Volume with MA and color of candle Indicator For MT4īefore we get into how the indicator works, it is important to point out that the moving average we are talking of in this indicator is not the moving average of the market prices but the moving average of the volume indicator.
#High volume but no price movement how to
Trading ideas with the Volume with MA and color of candle Indicator For MT4Īs stated above, the Volume with MA and color of candle Indicator For MT4 helps you make the best out of the volume indicator and we shall get into details of how to use the indicator to make profitable trades. Therefore, with the addition of the Moving Average and the colour legend for the candles it does alleviate some of the complexity which comes with volume analysis and trading: the goal in trading and analysis is to grow your portfolio and transform your trading analysis from complicated to simplified, and therefore this indicator has the power to help you achieve these goals through correct and discipline use.Īlerts In Real-Time When Divergences Occur Volume is an important aspect in trading and not everybody knows how well to interpret the volume parameter.
#High volume but no price movement upgrade
The Volume with MA and color of candle Indicator For MT4 is an indicator which is an upgrade to the standard volume indicator with modifications which includes a Moving Average and a colour legend defining the type of candle in that specific period. Volume with MA and color of candle Indicator For MT4 - Conclusion.Volume with MA and color of candle Indicator For MT4 - Sell Entries.
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