Better Volume 1.5 MT4 Forex Indicator Free DownloadBetter Volume 1.5 MT4 Forex Indicator Free Download

Trading volumes are crucial in financial markets because they can explain traders' emotions and predict their likely behavior. If you use them, you can also make profitable trading decisions or stay away from the market because you know it is better to wait out the periods of dramatic volume changes. It is for these purposes that the Better Volume 1.5 indicator was developed. You can check it out in this article.

Contents:

1. Description

2.Features

3. Trading strategy

4.Settings

1. Better description volume 1.5

The BetterVolume 1.5 indicator analyzes the activity of Forex market participants and plots a histogram showing the trading volume.

Volume refers to the number of lots (contracts or inventory) sold or purchased during a certain period.

Due to special trading methods, one cannot calculate the number of open positions in the Forex market, so traders use the concept of tick-by-tick volume. Quotation volume reflects the total price change during a specific time interval.

The BetterVolume 1.5 indicator is useful because it accurately differentiates trader activity by the number of trades completed at different points in time. Therefore, you have the opportunity to understand the motivations behind the activities of Forex market participants and use it to develop your trading system based on trading volume.

1. Has a better Volume 1.5 indicator

BetterVolume 1.5 is an updated and advanced version of the volume indicator built into the MetaTrader 4 terminal by default.

So, what is the difference between these standard MT4 volumes and the updated BetterVolume 1.5 volume-based indicators?

First, the BetterVolume 1.5 filter has a rougher adjustment. Volume shows rising and falling price movements, and BetterVolume 1.5 separates price movement volume into color-coded categories.

Secondly, the BetterVolume 1.5 indicator plots a moving average that you can use as an additional trading signal when it crosses the columns of the volume histogram.

At this time, the quotation volume of the indicator can be trading volume and information volume.

Amount of information:

Blue volume represents standard volume.

Yellow volume indicates lower trading volume. It is better not to buy or sell in this situation, as a drop in trading volume may indicate uncertainty and caution among Forex market participants.

Green volume tells you that trader interest is increasing. However, when this happens, it is wise to avoid trading as trading volumes will increase due to the repositioning of the major players in the Forex market. At times like this, it can be difficult to determine the likely direction of price action.

Trading volumes:

Red volumes indicate increased customer activity.

As for white volumes, they indicate an increase in seller activity.

In both cases, you can consider buying and selling opportunities. However, we recommend that you consider major trends and broader market conditions when making trading decisions for a higher chance of profit.

1. Buy and sell strategies using the BetterVolume 1.5 indicator.

As mentioned above, trading signals from this indicator should be weighed against the overall sentiment and current trends in the Forex market.

As you can see in the example above, an increase in purchase volume allows us to search for purchase entry points.

The stop loss for this trade should be set below the trend line; when a sell entry occurs, it serves as a signal to close the position.

In this case, the indicator indicates an increase in sales. As shown in the buying example, a downtrend line can serve as an additional signal, increasing your chances of a successful trade.

You can find selling entry points based on market price and place your stop loss safely outside the trend line. When a reverse signal (buy) occurs, the sell trade should be closed.

Once the indicator is installed, you may need help perceiving it visually since the volume is painted in a large number of colors.

However, the volume is divided into informational volume and trading volume, the roughly adjusted indicator filters and its ease of use make up for this small shortcoming and can be helpful in your forex trading.

Better Volume 1.5 MT4 Forex Indicator Free Download