Volume Percent Oscillator MT4 Free Download | Forex Indicators Download - MetaTrader 4 Resources - MetaTrader 4 Resources

The Percent Volume Oscillator is a volume-based oscillator on the MetaTrader 4 platform. This oscillator measures relative changes in trading volume within financial markets.

Traders can use this trading tool to identify suitable entry and exit points and better analyze Uptrends or Downtrends . The indicator consists of two moving average lines and a histogram, displayed separately from the price chart.

Indicator specification table

List of Percentage Volume Indicators

This indicator displays the difference between two moving averages as a histogram. When volatility is in the positive phase , the histogram is green , and when in the negative phase , it turns red . The Percent Volume Oscillator can also help traders identify trend reversal points .

bullish trend conditions

Bitcoin 1-hour timeframe price chart (BTC) showcases how indicators behave during bullish trend conditions. As shown in the figure, the moving average line (blue line) crosses above the signal line (orange line) and oscillates in the positive phase (above zero) .

The difference between these two moving averages is also shown using a histogram . In this case, the green histogram indicates that the trend remains bullish.

Bearish trend conditions

According to the 30-minute time frame price chart of the EUR/USD currency pair, the moving average (blue line) crosses below the signal line (orange line) and oscillates in the negative phase (below zero) . The difference between these two moving averages is also shown along with the histogram. In this case, the red histogram indicates that the trend remains bearish.

Indicator Settings

• Chart theme: Indicator theme;
• Fast ma period: The fast moving average period is set to 12;
• Slow ma period: The slow moving average period is set to 26;
• Signal period: The signal line period is set to 9;
• Fast ma method: The fast moving average calculation method is set to 1;
• Slow ma method: The slow moving average calculation method is set to 1;
• Signal method: The signal calculation method is set to 1.

Conclusion

The Percent Volume Oscillator in MetaTrader 4 is a powerful tool for technical analysis . Traders can use this volatility indicator to analyze volume relatively in conjunction with other analysis tools such as trend indicators to get a clear understanding of volume flow in the market .