When the market is close to the flat state, the majority of indicators generate a lot of false signals. Meanwhile, there is a quite easy way to filter, may be, not everything, but a quite considerable part of the signals of this kind. As far as the appearance of strong trend movements is almost always accompanied by the volume increase, the usage of indicator may be useful for determination of optimal points to enter the market.
The suggested indicator of the normalized volume build the chart of tick volume values per average value of the period. Owing to this normalization of the current vloume value, the possibility of easy and accurate criteria of market entrance can be produced. So, if the chart line is above 1.0 value, it means that the current volume value is higher than the avearage for the period, therefore the indiocator’s signals, that the trading is preformed with, should be considered as the true ones.
MT4 Indicator Download – Instructions
Normalized Volume is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Normalized Volume provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Normalized Volume.mq4?
- Download Normalized Volume.mq4
- Copy Normalized Volume.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Normalized Volume.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Normalized Volume.mq4 is available on your Chart
How to remove Normalized Volume.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: