MetaTrader 4 Quasi Volume Bar Indicator Download – Free | Forex Indicator Download – MT4/MT5 Resources

The Quasi Volume Bar indicator shows trading volume based on a specified time frame and period. This MT4 volume display indicator illustrates approximately equal trade volumes over a specific using colored periods and distinct bars.

Quasi Volume Bars is an innovative technical analysis tool that helps in the identification and analysis of trading volumes .

Specifications of the "Quasi Volume Bar" indicator

The following table summarizes the specifications and characteristics of the Quasi Volume Bar indicator:

Quasi-volume bar indicator at a glance

The Quasi Volume Bar indicator allows users to customize the calculation period on a weekly, monthly, yearly or other basis. This MT4 trading tool uses green bars to represent buying volumes and yellow bars to represent selling volumes.

Uptrend Conditions

The AUD/USD currency pair chart on the 1-hour timeframe demonstrates how the Volume Bar indicator functions. As shown in the figure, indicator processes its input calculation and display volume using green bars.

The Continuous Formation The number of these bars and their height reflect the strength of the uptrend .

downtrend conditions

Based on the 30 minute NZD/USD chart analysis, the consistent formation of yellow bars with volume indicates a strong downtrend .

Knowing the selling volume can help traders better consider short positions under such conditions.

Settings of Quasi Volume Bar Indicator

The following are the customizable settings of the Quasi Volume Bar indicator:

• Calculation time range: Define the time range for trading volume calculations
• Calculation Period: Set the period for indicator calculation
• Displays the maximum number of calculation periods: determines the number of candles used in the calculation

Conclusion

The Quasi Volume Bar indicator focuses on trading volume and simplifies visualization, providing a clear view of trend movements.

This trading tool confirms entry into both long and short trades . Its adjustable timeframe and period settings make it compatible with various trading strategies and market conditions.