Hawkeye Volume Indicator for MT4

Introduction to the Hawkeye Volume Indicator

The Hawkeye Volume indicator is a volume-based indicator that shows a histogram and confirms a trend’s strength in three colors. Green color reflects the bullish strength of a trend, red color bearish strength of a trend, and white color sideway strength (range or average volume).

Remember that this indicator show results of past time, and it is not a prediction tool. However, this indicator can give you the edge and point to the moments after huge volume differences.

It fits all kinds of timeframes and currency pairs.

The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

Check also:
MT4 Volume Profile Indicator
MBFX Timing Indicator
Vulkan Profit Indicator

How to set up the Hawkeye Volume indicator in MT4?

Installation Guide

Download the Hawkeye Volume.rar archive at the bottom of this post, unpack it, then copy and paste the Hawkeye Volume.ex4 or Hawkeye Volume.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Hawkeye Volume indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.

Download Free Forex MT4 Hawkeye Volume Indicator

To download the Hawkeye Volume Indicator for Metatrader 4 (MT4) for free just click the button below:

Hawkeye Volume Indicator Free Download

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