MACD and Volume Indicators for MetaTrader 4 Download | Forex Indicators Download - MT4/MT5 Resources

The MACD and volume indicators are a tool for analyzing trading volume , identifying trends, and determining market entry and exit points. This indicator determines the best trading opportunities combining MACD and volume through divergence, convergence , and volume changes.

MACD and Volume Indicator Specification Sheet

The following table outlines the specifications of MACD and Volume indicators in the MetaTrader 4 platform.

Uptrend Conditions

The price chart below shows Bitcoin (BTC) on a 5-minute time frame. This gray histogram bar rises above the zero line and the divergence of the pink line indicates a strong bullish trend and an entry point .

downtrend conditions

The price chart below illustrates the EUR/USD currency pair on a 5-minute time frame. The gray histogram bar moves below the zero line , combined with decreasing trading volume , indicating selling pressure, a continued bearish trend , and a potential entry point .

Indicator Settings

The image below shows the adjustable settings of the MACD and Volume indicators in the MetaTrader 4 platform :

• Fast EMA Period: The fast exponential moving average period is 12;
• Slow EMA Period: The slow exponential moving average period is 26;
• Signal SMA Period : Indicates that the simple moving average period is 9;
• Applied Price: Applied price;
• Type of Volume: Type of volume;
• Theme : Display theme.

Conclusion

The MACD and trading volume indicators combine technical analysis of price trends and trading volume to change simultaneously. By analyzing convergence and divergence in price movements, MACD identifies a trend’s strengths and weaknesses . In addition, trading volume can also provide insight into the credibility of a trend.