Introduction to the Trading Volume Indicator
The Trading Volume Indicator is a very useful informational tool that allows a trader to know the volume of both market sides.
The indicator is placed directly on the main trading chart. You will notice it on the left side of the screen. With a glance of an eye, you will instantly see the power of bull and bears.
You can adjust your strategy depending on the domination (or balance) of the bullish and bearish market participants.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Trading Volume Indicator indicator in MT4?
Copy and paste the trading-volume-indicator.mq4 or trading-volume-indicator.ex4 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, that 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.
The Trading Volume Indicator is well worth adding to your trading collection. It is a very convenient tool, especially for traders who use volume analysis in their trading decisions.
Trading Volume Indicator Free Download
To download the Trading Volume Indicator for Metatrader 4 (MT4) for free just click the button below: