Green bar indicates an increase in the number of ticks for the selected currency pair in the market over the last hour as compared to the previous one. On the contrary, red bar indicates a decrease in the number of ticks for the selected currency pair in the market over the last hour as compared to the previous one. It is currently one of the best, or rather, the most popular volumes indicator designed for MetaTrader trading terminal.
The current version differs from the previous one by more powerful customization capabilities and best suits for intraday trading. The given indicator paints vertical bars of volumes in blue, yellow, green, red, and white colors. Blue bars account for much of the bars in the Better Volume Indicator. Blue bar means that nothing special has happened in the market and volumes of trades match the standard values for their time period. A yellow bar indicates a very low trading volume. The bar of this kind always has a very low height.
A decrease in volumes typically occurs when the current trend is close to its completion. The yellow bar may also mean the end of market retracement. A green bar implies that large volumes are present in the market. At that, height of the candle corresponding to the green bar is usually small. That is especially the case if large hedge funds close their positions or open new ones. When a green bar appears in the volumes histogram, it signals a possible change in trend direction. That does not mean, however, that price is going to reverse immediately and sharply.
The price reversal may happen later due to the effect of the market inertia. A red bar usually stands out for its height and indicates a large domination of buyers over sellers in the market. This is often true when buyers enter the market quickly. The red bar may be followed by a change in trend direction from bearish towards bullish or a deep bullish retracement.
A white bar plays the same role as the red one. The only difference between them is that the former signals a sharp increase in the activity of sellers in the market. The white bar may be followed by the market reversal to the downside preceded by an uptrend or a deep bearish retracement. The diagram of the Better Volume indicator also includes a moving average which primary purpose is to divide bars of volumes by their height.
In conclusion, let us stress that the Better Volume indicator actually provides traders with a basis for developing their own trading system. Despite its simplicity, it appeals to the fundamental data, i. If you have any difficulties while installing the indicator, please view the detailed instruction.
How to Install. Product Info. System Requirements. Product Categories. Indicators 22 Sentiment 9 Signal 6 Utilities 7. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time. No data shared with third parties Learn more about how developers declare sharing.
No data collected Learn more about how developers declare collection. This app is west of money, values not showes accurate or updated. I suggest everyone to not to use this app if you wont lose your money with this app, I lost money of huge amount with its sugestion value. I'm using wifi in my cell, not working as well, also no more support from you.
I checked every thing still problem is same. At first blush I think this is a useful app. I am 49 yrs old and dont want to bring readers up to make notifications and apps clear on my phone. Hi there, thank you for your review and feedback. We will look into that and bear it in mind for future projects. Happy Trading! Edit - please update to the latest version, the Delta screen fonts have been increased.
All the best! Makes my trading life so easy. The trend and reversal ranking is such an innovative concept. I just scan the ranking and figure out the trend or reversal.
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This indicator deploys different colors to represent the volume of the market which is way better than the typical histogram bar. Volume is an. ffian.xyz › forex-volume-indicator-mt4. Download Forex volume indicator mt4 free. to Traders watch the overall activity of the market. The standard elucidation of volume indicator is.