Volume for mt4. What are volume indicators and how to use them

Modern futures are part of the capital market, an effective tool for compensating for price fluctuations and “instant” averaging of money demand without a sharp change in supply. Technical analysis of such assets has features that can be used to avoid mistakes and increase the reliability of your Forex transactions.

The main difference between assets lies in the structure of the Forex market and the futures contract market, that is, in the principles of market price formation.

The Forex market is an over-the-counter interbank market, used by banks and other financial institutions for speculation and regulation of financial flows. Real volumes are not visible precisely because there is no single trading platform. The volume of speculative transactions is more than 70%. Despite active attempts at regulation, the degree of control over such a market is low. Technical analysis is complicated by the fact that each broker has its own price flow.

The futures market is a centralized (transparent) exchange market that connects seller and buyer on the exchange through the process of clearing transactions. There is no spread, the floating bid/ask is minimal and is regulated by the volume of client orders. That is, if a real client buys a real futures contract, but the price of the asset falls, then this client incurs losses, and the one who sold this contract to him makes a profit. The client's loss in no case becomes the profit of the exchange or broker. The exchange lives off the turnover commission, which is assigned to the client individually: if there are few transactions, the commission is equal to the spread (similar to Forex), with a large number of transactions - significantly lower.

Please note: most Forex brokers calmly claim that they guarantee futures trading, but the list of trading instruments usually only includes CFD assets. It is strongly recommended to study and feel the difference before opening real transactions. You can read in detail here about Forex futures .

A little about the subject

All futures that may be interesting for trading on Forex are settlement ones, that is, actual delivery is not expected for them. Today, a wide range of trading assets are offered in the form of futures contracts: exchange rates, commodities, stock and settlement indices, securities, metals, and energy resources. Technical analysis of futures should take more into account fundamental factors. Exchanges constantly trade contracts with different expiration dates, so there is a special exchange calendar for several years with a clear indication of the delivery date for all assets.

Now it is absolutely not necessary that the futures be based on a real asset (stock, bond or commodity) - it can be any information, such as the likelihood of an interest rate increase or the result of a national election. The demand and conditions for such assets are determined by the market.

Index futures can be considered a separate group of assets: general, industrial, regional. An additional factor influencing the dynamics of composite or industrial indices is the reporting of the enterprises included in its calculation - we pay attention to the corresponding calendar. New index assets are constantly appearing, for example, recently CME Group launched futures on a new index to assess the real value of the dollar (similar to DXY), it is calculated based on a basket of ten currencies (EUR, JPY, CAD, MXN, GBP, AUD, CHF, KRW, CNH, BRL).

Features of technical analysis of futures

Major futures can be traded through a standard forex terminal, using almost the same principles of fundamental and technical analysis, using standard order types. Moreover, initially all technical tools were developed specifically for trading commodity contracts.

Forex quotes come from a variety of sources, and the prices of CFD assets that are offered to you in a regular forex terminal may vary significantly from one platform to another at any given time. This is impossible with real futures; trading is carried out only on exchanges, and only a specific buyer-seller trading pair generates quotes. All exchange platforms openly publish their prices for the previous trading day with an accuracy of 1 tick, so all clients have the same data when working with futures in trading terminals.

Futures contracts are fixed-term assets, that is, they have a final closing (expiration) date; before this date, the contract must be executed, that is, the client can voluntarily get rid of accepted obligations. To hold a deal longer than the expiration date, you need to regularly switch to a later contract. If you do not close a futures transaction on time, the broker will forcefully close it and the price will not be the best. It goes without saying that most speculators own an asset for a fairly short time.

Futures are, first of all, volatility, because on the real exchange the share of short-term speculators is also very impressive. But with a reasonable approach, such activity may well bring a stable income on Forex transactions intraday. A nervous reaction to fundamental news or force majeure can be compensated for by analyzing related markets.

The heterogeneity of futures volatility has a constant impact. Even if the average “life” of a contract is from 3 to 6 months, then the main trading volume on it occurs in the last 3 weeks (for short-term contracts) or in the last 2 months (for long-term contracts), that is, when this futures becomes the closest expiration date.

This complicates long-term analysis. Immediately after opening a contract, it lacks liquidity - sharp price jumps occur, and closer to the closing date, stable, but still too strong volatility appears. As a result, when a Forex asset approaches a strong support/resistance level, the futures asset may not respond to this due to its “youth”, or give false signals because large volumes of transactions are recorded before the current contract is closed. Therefore, to analyze CFDs in the Forex trading terminal, you need to use data from a futures contract that is in the “middle” of its term, when it is most consistent with technical analysis and is not subject to calendar speculation.

Since a futures is a transaction in which there are two parties (seller/buyer), the concept of the number of open positions shows the degree of interest of trading participants in a particular price movement, and the more open interest in a particular futures, the greater the price movement should be expected . We take data on open interest from CME reports or other exchange resources.

The closer to the expiration date of the futures, the more transactions are recorded on it. The market for the asset becomes thin, with gaps; large players with large volumes become active, speculating and shifting the price in the direction they need. At such moments, the futures price can no longer be used as a “guide” or source of trading signals for CFD assets or currency pairs.

In futures trading there is no locking and no swap, but there is rollover and there is clearing. There is always a difference between the spot prices and the futures counterpart - it is maximum when a new contract is opened, and decreases as it approaches the contract closing date. In addition, price calculations are complicated by differences in the same asset, but with different maturities.

Getting ready to trade futures

Before you start trading any futures, in addition to minimal technical analysis, you need to do some preparatory work. First, we clarify the ticker of the asset (either on CME www.cmegroup.com, or on ICE www.theice.com), for example, gold falls into the “Metals” section, in the “Precious” column with the ticker “GC Gold”. Next, we study the contract specification - “Contract Specifications” with the main parameters of the asset. Dozens of contracts can be traded in parallel (visible in the “Listed Contracts” section), we need the most liquid one. We look for data in the appropriate section, for example, on the BarChart website, in the “Volume” column - we need the largest volume. If the data of neighboring contracts are approximately equal, then we choose a longer term.

Be sure to check for yourself the last day of trading and the expiration date for the selected contract, so as not to be left with an open transaction in the last hours of its existence. Otherwise, at best, you will have to close on a thin market with non-standard spreads, and at worst, the broker himself will fix your transaction at a very unfavorable price.

It is recommended to transfer a transaction to the next contract (close the current one and open a new one on a futures contract that is more distant) at least several business days in advance for monthly futures, and 1.5-2 weeks in advance for quarterly ones.

Please note: in futures, instead of leverage, the concept of “collateral margin” is used, which may differ for different contracts, as well as the cost of 1 tick.

Strategies for trading futures

Almost all trading strategies that have worked well on futures assets can be successfully applied on Forex, but subject to certain rules.

Despite the high average volatility - scalpers do not survive on futures, the vast majority of real exchange traders are trend medium-term traders, and large volumes are in long positions for almost the entire futures period. As a result, before closing contracts, swing movements appear to bring the market price as close as possible to the contract level. After opening a new futures, the price can just as quickly return to its previous level.

As a rule, large stock traders use a minimum of technical analysis, preferring volumetric analysis and VSA technologies to traditional calculation indicators. Almost all the advertised indicator strategies of trading luminaries were created specifically for Forex. Using oscillators like RSI or Stochastic in futures trading usually only adds false signals, but trend indicators, in particular moving average combinations, as well as momentum-based indicators, are a must.

Futures movements on news are usually very strong (especially on indices), but appear counterintuitive. Statistics show that in 90% of cases, futures traders use fundamental information that has not been processed by the market or has generally lost its relevance. The influence of fundamental factors, especially on commodity futures, is always multifactorial, and for a normal, reasonable reaction the market requires some time for analysis.

The insider factor most affects the main futures (oil, gold, S&P500, dollar index): having important information ahead of the main market, large players before the news artificially move the price against the logical movement in order to force the bulk of traders to jump into the market, and in fact after news releases quickly unload the dialed position. That is why, contrary to technical analysis, even on negative data, underlying futures always give short-term impulses in the opposite direction and also quickly roll back, which is very dangerous for small deposits with an insufficient StopLoss level.

It is assumed that in a stable market, exchange players will always follow the trend identified on the intraday chart. Let us recall one simple but stable strategy for trading futures

Trading using pivot points

This technique most closely matches the logic of real exchange players, who consider the data of the previous day as the basis for determining the dominant trend. Trading assets: stock indices; oil; gold; major currency pairs.

Technical analysis defines pivot points as price support/resistance levels calculated from the Low, High and Close prices of the previous closed period (H1/D1/W1/MN1). If necessary, calculations are performed for all timeframes sequentially, but, naturally, the smaller the range of data for calculation, the lower the accuracy of the constructed levels. Daily reference points of the day allow you to build a work scheme for each subsequent currency session.

The classic scheme for calculating daily pivot points begins with determining the central pivot point of the day: РР0 = (Low+High+Close)/3.

From it we calculate the first resistance: R1 = (PP0*2) – Low; and the first support: S1 = (PP0*2) – High.

The second pair support&resistance is defined as: R2 = РР0 + (R1– S1); S2 = РР0 – (R1 – S1).

The trading technology is simple: we open a deal every time the nearest support point is broken (by a closed candle).

From a fundamental point of view, it is believed that the values described above show levels where the interests of large players have been in balance for a long time. Experienced stock traders use pivot points in combination with other tools to determine the entry point as accurately as possible using additional indicators or a graphical pattern.

Let’s not forget: the whole world has been trading using reference points for several decades now, and there is no secret about it. Subject to strict management, a pivot points trading strategy will be profitable only if three conditions are met:

you need to correctly determine the shock day;
During the trading session, open strictly according to the trend.
hold a profitable position until the next support level is reached.

The idea of reference points is quite effectively used by the shock day theory, which can be found in Rezvyakov’s strategy. The impact trend day is determined at the beginning of the session: if the price begins to move in the zone of the pivot point, then with a 90% probability the day will be a trend one. If the price at the beginning of the trading session does not fall within the range of the reference point, for example, above R2 or below S2, then we are waiting for a flat and it is worth reducing the volume of the open transaction or not entering the market at all.

Strong price levels formed by limit orders, repeatedly tested by the market for breakdown/rollback, have been used by major players for many years to determine the trend. According to the shock day system, it is not recommended to open new transactions on Friday (due to the high risk of a gap on Monday) and at the end of the futures period.

As a rule, the strategy uses a stable oscillator, for example, the classic MACD, as an addition to the reference points - its signals reduce the number of entry points by about 3 times, but significantly increase reliability, especially with further support of the transaction.

Using futures as an indicator

To evaluate futures, tick volumes do not matter at all, so any Forex technical analysis, both on real futures and on a CFD asset, will only evaluate a mathematical dependence. Futures analogs can be used as “guides” with the help of proprietary indicators that are used in exchange trading terminals. Then you can receive trading signals that take into account the dynamics of real volumes. A successful example can be considered the trading system of Sergei Rublev and his futures indicator System Ryblev ArrowSTUDY, created for the Thinkorswim trading platform.

Using its signals as a guide, you can short-term trade a regular currency pair or CFD versions of futures in regular MetaTrader. So, on the futures stock chart we have:

a pink arrow or “starting candle”, as a result of the conditions for the entry point of the strategy;
horizontal level – for a pending order 2-3 points higher or lower;
white arrow – breakdown of the pending order level.

As a result, we take signals from TOS, and open trades on MT4. The trading system works strictly according to the trend, it has shown itself to be excellent on major currencies and commodity futures, the working timeframe is from M15. The stop-to-profit ratio is at least 1:4.

And as a conclusion...

For most small traders, full-fledged contracts are not available due to financial terms, but for almost every popular index and commodity futures there is a mini-contract option, for example, E-mini S&P500, E-mini DowJones, E-Mini NASDAQ or E-mini Euro, with more loyal conditions and, of course, only for speculation. Due to traders with small deposits, liquidity for such contracts is always higher than for the main asset.

According to professional traders, futures are eternal because it is a regular trading agreement for exchange participants, it has more logic, and technical analysis for it is much more reliable. In addition, this is a natural stage in the development of a small speculator into a serious player.

Volumes in the financial market mean the total number of transactions completed to buy or sell a certain trading asset. Using the MT4 trading terminal; you can track this indicator on any time chart.

Basic rules of market movement related to volumetric indicators:

Demand for or supply of a trading asset, characteristic of the foreign exchange or futures market, is the main driving force of the financial market.
Constant transactions of all trading participants, opening orders to buy and sell, cause changes in price quotes.
The largest volumes correspond to a price that suits all market participants.
Price levels at which increased trading volumes were observed and which satisfied all market participants turn into technical levels of support and resistance and traders focus on them in their work.

Volumes on the Forex market

There are certain patterns in the volume indicator in the financial market:

If the number of buy transactions exceeds the number of sell transactions, then you need to be prepared for a reversal of the market trend, despite the fact that price quotes are falling and volumes are growing.

A decrease in the volume indicator during a downward market warns of the end of the fall in price quotes for a trading asset and a possible rapid stabilization process for it.
A sharp jump in volume indicates a continuation of the previous trend at an accelerated pace.
Volumetric analysis must be carried out in conjunction with fundamental analysis.
It is necessary to take into account daily data on volume indicators:

At 12-00, at 21-00 GMT+2 there is a decrease in the volume indicator.
If the conditions specified in clause 7.1. are not met, this indicates a strong current trend.
At the beginning of the London and American sessions, there is always an increase in trading volumes.
If the conditions described in clause 7.2. are not fulfilled, this indicates that market participants are waiting for unpredictable news, and the market is at a crossroads, where the quotes of trading assets will move next is currently unknown.

The difficulty of determining volumes in Forex

When determining volume indicators, traders face several problems:

Volumes from the futures market

There are no real volumes in the Forex market, and it is for this reason that many traders consider the futures market to evaluate the foreign exchange market, where the real trading volume can be found on the Chicago Mercantile Exchange. Moreover, the foreign exchange market is closely related to the futures market.

Eg:

Consider the currency pair euro dollar and futures dollar index.
An increase in dollar index futures quotes will lead to a fall in the currency pair.
A fall in futures quotes will lead to an increase in the euro/dollar currency pair.
On the Chicago Mercantile Exchange you can get acquainted with the real trading volume of users interested in trading assets.
When conducting a volumetric type of analysis, it is not even necessary to track and evaluate relative volumes in the foreign exchange market.

Trading data for a specific futures trading asset is published daily after the end of futures trading. Therefore, this information, due to its regular supply to traders, can be successfully used both in trading on the futures market and on the foreign exchange market.

Tick volume

Tick volume can be easily tracked using the standard volume indicator volum.

Indicator characteristics:

Displays relative volumes, not real ones.
Informs about how many times the price has changed over a certain period of time.
The principle of trading is to search for peaks, at the moment of their formation certain cash injections occur in the financial market.

What is the best way to view volumes?

Information about tick charts can be seen in the MT4 metatrader trading terminal;
You can install the original Better Volume indicator in the MT 4 metatrader to assess the market volume situation.
In the futures market, on the Chicago Mercantile Exchange.

If we conduct an analog analysis of the tick chart and the information provided by the Chicago Mercantile Exchange, we can conclude that all signals supplied in the form of peaks are identical on both objects under consideration. For this reason, to simplify the process of personal analysis, you can use a tick chart in a standard trading terminal - MT4 metatrader.

There are several types of trading platforms designed specifically for analytical work with volumes:

Volfix;
thinkorswim.

VSA indicator “Better Volume” – the best indicator for determining volumes

Indicator features:

The histogram bars show an increase or decrease in market trading volumes.
Allows you to understand the mood of market participants thanks to the special characteristic coloring of the histogram.

Description of Better Volume indicator signals

When yellow bars form, a minimum volume is observed, which means:

The end of a trend signals the closure of a trade.
The end of the corrective movement recommends entering in the direction of the trend.

Red bars are formed when a large bullish candle is formed on huge volumes:

With a strong upward trend.
During a bearish correction.

White bars form when a large bearish candle forms as volume increases.

With a downward trend.
During a bullish correction.

Green bars are formed with large volumes and small doji type candles.

The end of market directional movement. It is recommended to close transactions. The increase in volumes occurs due to traders closing transactions.

Pink columns appear during corrective movements. The developer does not recommend paying any attention to them, since they do not carry any informational load.

Blue bars indicate no signals.

The indicator also has a built-in moving average with a period of one hundred, which can be adjusted in order to better orient the location of the histogram bars.

Horizontal volume indicator mt4

Indicator characteristics:

It is a histogram located horizontally on the screen of the MT4 trading terminal without reference to time.
Displays the volume of concluded transactions relative to a certain price.
Thanks to the indicator, it is easy to compare the indicator histogram with a certain volume value with a specific price value.
Using the indicator, you can analyze how the market reacted to the quoted price of a trading asset. Strong technical levels become immediately visible.

Horizontal volume indicators for MT4 and 5, when trading on the foreign exchange market, provide tangible advantages, as they allow traders to monitor the mood of Forex participants. If the price movement is not confirmed in volumes, then we can assume that the price will begin to make a reversal. If the trend, on the contrary, is confirmed by high infusions, then the indicator indicates to us further price movement.

What are horizontal volumes and why do we need them?

Let's look at a simple example. Imagine a recently built multi-storey residential building (10 floors), into which people are slowly moving in. On each floor of this building, there is a certain number of identical apartments, but time passes and we see that apartments on the middle floors (from the 4th to the 6th) are in greater demand, rather than on the top or bottom.

Here, we can draw an analogy with - just these floors (4-6) are the value zone, that is, the most attractive level for making trade transactions.

How does horizontal volumes form using the indicator in MT4 and 5 versions?

As a rule, a horizontal volume histogram is formed on the left side, where each tick of a trading instrument is a separate histogram. A horizontal volume histogram for a specific price level, for example 148990 (as in the example below), indicates the number of a specific (or other instrument) that was bought or sold.

In our example with futures contracts, this number is 6257.

If in the order book, opposite the price of 148990, you see the number of contracts offered for sale is equal to, say, 200, and they begin to be gradually sorted out (for example, 100 contracts were purchased), then the histogram opposite this price level will increase by the same number (100) .

The use of horizontal volumes shows interest in a certain level, as well as the total volume accumulated during the day.

The greater the volume, the stronger the interest caused by this level, but here it should be remembered that the price will move from one volume to another. It should always be understood where the price is currently located in relation to the previous large volume.

It is precisely the price position relative to previous large volumes that is used as an indicator of the direction of movement.

In other words, if the current price is lower than the previous maximum volume, then it would be better to trade “short”, and when the price, on the contrary, is higher than the previous maximum volume, then it is better to trade “long”.

But to do all this more comfortably and quickly, you can use the horizontal volume indicator for MT4 and 5. Moreover, such an indicator is not the only algorithm, there are a lot of them, and you can download them absolutely free. We propose to consider some of these horizontal volume indicators for MT4 and 5.

Horizontal volume indicator ClusterDelta_VolumeProfile, configure and use

The ClusterDelta_VolumeProfile algorithm serves as an indicator of horizontal volumes, or rather the volume profile. The indicator on the chart looks like a comparative histogram built on the basis of the sum of volumes at each price for a given period. The maximum values of profile volumes usually serve in the future.

To make it more clear to you where the values for volumes come from, pay attention to the picture below, in which the same graph (above) is displayed in the form of clusters. Here the volume profile (left) is presented digitally next to the price on a green background.

On a red background, you will see the maximum values of the digital profile (red background), corresponding to the maximum lines of the histogram (also red). All profile data is displayed on the trading chart.

Regarding the settings, this indicator has quite a lot of them:

You can learn more about each customizable parameter of the indicator after downloading it (you can do this absolutely free) from the attached instructions.

Horizontal volume indicator VP_Position for MT4 and 5

The horizontal volume indicator for MT4 and 5 VP_Position can be placed either directly on the terminal chart or attached to any of its sides (left/right).

This indicator, which can be downloaded for free, just like the previous one, has many different settings:

Regarding its placement on the chart, then with a value of “0” the indicator will be located directly on the chart.
with the value “1” - placement on the left,
with a value of “2” - on the right.
Don’t forget about the “Forex_Shift” parameter, which determines the number of points to shift the chart down or up.

This variable can have a positive or negative value. It is intended to take into account forward points (the difference between futures and spot prices) when placing volume profiles on Forex instruments.

Indicator of horizontal volumes of SRW and TPO Range. Application on MT4 chart

The following horizontal volume indicator for MT4 and 5 can also be downloaded for free. It's called TPO (aka Time Price Opportunity). Today, there are two versions of this algorithm on the network, these are TPO itself and TPO Range. The first version builds a market profile at equal time intervals, and TPO Range makes it possible to build a volume distribution for any period that the user needs.

As we have already said, the TPO version builds a profile over a certain time interval. In the figure below, you can see an example where each of the clusters was built in 1 hour.

Transparent rectangles represent the distribution by levels. Here, the more often the price fluctuates at a level, the more weight it will have when constructing a chart.

Rectangles filled in blue indicate the “mode”, the so-called maximum of the distribution. To be frank, it is precisely for the sake of this indicator that all calculations are carried out, since horizontal accumulations of tick volumes are evidence of a strong level, which, as a rule, acts as resistance or support.

The basic version of the TPO horizontal volume indicator can be used very effectively, that is, in cases where only the latest price impulses will be taken into account. But for medium-term forecasting it is better to use the TPO Range horizontal volume indicator.

Let's set the TPO Range to the previous markup:

Now you can track the distribution of horizontal volumes on different scales, changing the working range of the indicator yourself, by moving the vertical dotted lines on the chart, as in the example below.

As you can see, the price quite clearly worked out the support level (in the chart above - “S”), after which it, as if according to a drawn template, bounced off the “R” (resistance) level.

To summarize, we can say that using horizontal volume indicators for MT4 and 5, which you can download for free, allows you to determine the potential of transactions, detect the levels of stop orders, market entry positions when you need to move without a loss, or leave a position, etc. .

Horizontal volumes and their application in Forex

Indicators help traders, both beginners and professionals, analyze the market faster and more effectively. Some indicators collect information from the futures and options market, this expands the database that can be used to analyze the market and forecast it.

The options market is one of the most popular markets in the financial arena of the world. Where is the trader's profit from one transaction? And most importantly, it’s very easy to get! To do this, you just need to correctly indicate the direction of the future movement of quotes. The main thing is that the price moves at least 1 point towards your trading position!

As an option, to start getting acquainted with the options market, you can select the Binomo company, where you can start trading without any money in your account, using the broker’s free gift options.

How to install indicators?

In old MT4 builds, before 600, installing indicators was quite simple, you had to open the MT4 root directory, go to the Indicators folder and copy the code file into it. Since 2015, to install an indicator, you need to open the terminal, go to “File”, “open the data directory”, enter the MQL root folder, then “indicators” and copy the required file to this folder. The system will automatically create a closed code that will be used by the trader in his work. Next, you should restart the terminal and the indicator will become available for use. Now you already know how to add an indicator to MT4, next we will offer some useful indicators.

Option Levels Indicator for MT4

When trading on the market, it is always very important to clarify the entry point into the transaction, and also, you need to know the exit point or the level at which the price will enter the flat range. If you are a novice trader, then the 7 OpLi V40 Lite indicator will help you find key points on price charts in real time.

Download this indicator now and get the opportunity to see the levels at which large players who are interested in strong impulse price movements are most likely sitting. Let's give an example of how such an indicator works. As you can see from the screenshot, the chart will display approximate points for purchases and sales. Accordingly, you need to buy cheaper and sell more expensive, at the top indicators.

How does the Market Profile indicator for MT4 work?

Some traders believe that using data from the futures market will allow them to trade Forex more successfully. It is known that data from MT4 makes up about 1% of all necessary data, and futures and indicators that read data from them make it possible to work with 10% of the data.

The Market Profile indicator summarizes the total number of futures traded at each price division. The area where the most contracts are traded is the so-called market core, from which you can trade in the direction of the main trend. There are also false indicators that do not read anything from the futures market, so it is best to buy a subscription to Cluster Delta for $5 per month, this expense will be recouped many times over.

Indicator for Metatrader4 – “Elliott Waves”

Quite a long time ago, Elliot put forward the theory of wave price movement, according to which, all actions of traders and investors are predictable, the price moves only in waves and after growth there is always a fall. Now many people believe that this technique predicts the price movement itself, but in fact, it predicts behavior and one cannot say for sure whether the price will fall or rise; any wave can be interpreted differently, according to 12 similar subtheories. However, since behavior can be predicted, price movements can also be predicted.

There are a large number of indicators that predict the third Elliott wave. This wave gives maximum profit and represents the main price movement. Using the Elliott Wave Oscillator indicator, having previously configured waves 1 and 2, you can predict the end of wave 3.

Volume indicators for MT4

Volumes in financial markets play a very important role. Price and volume are the main components of the market; in fact, it is quantity and quality. The Forex market is an over-the-counter market, so it can only contain tick volumes, and their quality depends only on the broadcast of quotes. Tick volumes may vary slightly between brokers. In fact, they do not show trading volumes, they show price activity over a certain period of time.

From this we can conclude that volumes cannot be seen through MT4, since the programmer can only focus on the number of ticks; another option is to use indicators from resources such as Cluster delta, this will allow you to see the volumes of futures, by which you can predict the price movement and forex.

Open positions indicator

There are statistics according to which 95% of traders lose money. If this is the case, then you can use this to your advantage, but for this you need to have the Forex Insider indicator, you can download it just below. If you have a question about how to download the indicator into MT4, read the pdf files attached to the archive. Read the recommendations and install this indicator as an advisor in the MT4 terminal. By including an expert in the work, you can see the following picture.

An informer will open on the chart, where you can see the positions of the majority on different . You need to trade those currencies where positions are shifted to one side by 90-100% or 0-10%. The work goes against the interests of the majority. is not set in the strategy, the deal is closed when the interest zone reaches 40-60%, this indicates parity of interests.

Support and Resistance Levels Indicator for MT4

Most traders are aware of support and resistance levels. They are used to search for price rebound points to improve entry accuracy. It is known that heavy moving averages, from 200 to 300, can act as support. The same role can be played by trend lines, balance lines and other tools, such as Fibonacci levels and Andrews pitchforks.

There is a PowerDynamiteAreas indicator for MT4, it is created based on an algorithm that works on the analysis of historical data. It displays support and resistance on the price chart. By default, red lines are zones in which you should sell, and blue zones are buy zones. Stop loss is placed below the nearest minimum/maximum to protect yourself from false breakouts and pullbacks.

An example of how the indicator works is shown in the screenshot.

From the screen you can see that the buy and sell zones are quite narrow, and the price movement zone is very large, so trading using such an indicator will be very effective, stop losses are short, and take profits are 2-3 times larger than the possible potential loss.

EMA indicator for Metatrader4

The standard exponential moving average indicator is used by traders around the world as a dynamic support line and a “magnet” for the price if the D1 time frame and an average with a period of 200 are used.

Moving averages can be useful for trend determination, averaging trading and martingale trading. The intersection of moving averages with short periods and with long periods indicates a change in the short-term trend.

VSA indicator for MT4

The VSA method allows you to analyze volumes in Forex, look for false breakouts and true reversals. One of the standard MT4 indicators, Volumes, shows approximately the same volumes as futures data, however, this is not exact information, but approximate. It can be used to identify areas of low volume where the price may reverse.

Indicators for scalping in MT4

When working on Forex, there is often a desire to earn more, scalping helps with this. The essence of scalping is to take a small price movement with a large lot and do so several dozen times a day. This trading method can bring in hundreds of percent per month.

When trading aggressively, traders use special indicators. When scalping, it is best to use standard indicators and advisors that help in your work. The well-known EMA30 indicator can help you make money if you trade in the direction of the trend it shows. One unsuccessful trader began to slowly make money by working in this way, it brings him 20% profit per month, he scalps on.

Let's draw a conclusion. Trading indicators make a trader’s life much easier, reduce thinking time, help find optimal entry and exit points, and help make money even in an aggressive market.

Best regards, Alexander Ivanov

Volume indicator is a histogram showing the number or volume of transactions made in the Forex market over a certain period of time.

When people talk about volumes, they usually mean tick or futures volumes

teakvsFutures Volumes

In financial markets, volume refers to the total number of contracts traded for a specific instrument over a certain period of time.

So, for example, if 20 thousand contracts were bought and sold on the market during the day, then they say that the trading volume was 20 thousand.

However, this approach is applicable only to the stock market. Things are a little different in the Forex market. Here it is impossible to track the total amount of transactions on the market, expressed in standard lots, so traders use so-called tick volumes.

In the following picture you can compare the histogram of tick and futures volume:

Technically, the difference between the two is that tick volumes represent the total number of price changes over a given period of time. For example, if the price changed 120 times in an hour, then the tick volume will be 120, while the number of contracts traded will be completely different.

And visually, as you can see, they are practically no different. And if we assume that futures volumes are true, then the high degree of correlation allows us to use the data provided by tick volumes with virtually no loss of efficiency.

At the moment, the indicator of real volumes (futures) for MT4 exists only on the clusterdelta website. The remaining indicators will be based on ticks.

Standard indicatorVolumes

The MetaTrader 4 terminal has a standard volume indicator called Volumes.

The description of the Volumes indicator states that on the chart the volume value corresponds to the number of ticks in one candle. Thus, if an hourly time frame is selected in the terminal, then one bar on the volume indicator will indicate the number of ticks on the market in one hour.

The Volumes indicator bars in standard settings can be colored green or red.

Green column indicates that the number of ticks in the market for the selected currency pair has increased over the last hour compared to the previous hour.

Red bar, on the contrary, indicates that the number of ticks on the market over the last hour has decreased compared to the previous one.

There is also an alternative indicator option with additional functionality.

Better Volume 1.5 + Alerts

Unfortunately, the standard volume indicator Volumes in MT4 does not always meet traders’ expectations, so we suggest downloading an alternative version of the volume indicator – Better Volume. This is one of the best at the moment, or rather the most popular volume indicator for the MetaTrader trading terminal.

Better Volume 1.4 differs from the previous version of the indicator by more extensive customization options.

This volume indicator differs significantly from the standard Volumes, and it not only shows the dynamics of tick volumes on the market, but also deciphers it, providing the trader with ready-made trading signals. Next, we will move on to deciphering the Better Volume indicator signals.

Decoding Better Volume signals

The indicator colors vertical volume bars in blue, yellow, green, red and white.

Blue There are the most bars in the histogram of the Better Volume indicator. A blue bar means that nothing special happened in the market and trading volumes correspond to standard values for their time period. Trading proceeds calmly and without any tendency to change the trend.

Appearance yellow column means that the trading volume in the market is very small. This column always has a very small height. A decrease in volumes usually occurs at a time when the current trend is coming to an end. A yellow bar may also mean the end of a correction in the market.

Green bar means the presence of large volumes on the market. In this case, the size of the candle corresponding to the green bar is usually small. This situation is typical when large hedge funds close their positions or open new ones. The appearance of a green bar on the volume indicator also indicates a possible trend change. However, this does not mean that the price will immediately reverse sharply. A price reversal may occur later due to the effect of market inertia.

Red bar On a volume chart it usually stands out due to its height. The appearance of such a column means a strong predominance of buyers in the market. This situation happens when buyers suddenly enter the market. The red bar may be followed by a trend reversal from bearish to bullish or a deep bullish correction.

White column performs the same functions as red. The only difference is that its appearance means a sharp activation of sellers in the market. The white bar may be followed by a downward market reversal after an uptrend or a deep bearish correction.

The Better Volume indicator chart also includes a moving average, the main purpose of which is to separate volume bars by height.

In conclusion, I would like to note that the Better Volume indicator actually gives traders the basis for building their own trading system. Indeed, despite its simplicity, it appeals to fundamental information - trading volumes on the market, which always have a huge impact on the direction of price movement, as well as on the formation and decay of trends.