Better Volume 1.5 Indicator

One of the best volume indicators for intraday trading and using it in an EA.

CATEGORIES: MT4, SIGNAL, VOLUME, INFORMATIONAL
Updated on: 20.12.2023

Trading volumes play an important role in the financial markets, since they can explain you sentiments of traders and predict their possible behavior. If you make use of them, you can also make a profitable trading decision or stay out of the market, knowing that it’s better to wait out the periods of strong changes of volume. It’s precisely for those purposes that the Better Volume 1.5 indicator was developed. You can check it out in this article.

Contents:
1. Description
2. Features
3. Buy and Sell strategies
4. Settings

1. Description Better Volume 1.5
Promotion:

The BetterVolume 1.5 indicator analyzes the activity of Forex market participants and draws a histogram showing the volumes of trading transactions.

Volume is the amount of sold or purchased lots (contracts or stock) over a certain span of time.

One cannot calculate the amount of open lots in the Forex market due to a special approach to trading, so traders use the notion of tick volumes instead. The tick volume reflects the total number of price changes over a particular time interval.

The BetterVolume 1.5 indicator is useful in that it differentiates the activity of traders accurately enough by the number of completed transactions at different points in time. Therefore, you have the opportunity to understand the motives behind the activity of Forex market participants and use it to develop your own trading system depending on the trading volume.

2. Features Better Volume 1.5 Indicator
BetterVolume 1.5 is an updated and advanced version of the Volumes indicator built in MetaTrader 4 terminal by default.

Then, in what way these standard MT4 Volumes and updated BetterVolume 1.5 volume-based indicators are different?

Promotion:

First, the BetterVolume 1.5 filters are more roughly tuned. The Volume displays the rise and fall of the number of ticks, while the BetterVolume 1.5 divides the tick volume into some categories painted in various colors as well.

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

At that, tick volumes of the indicator can be trading and information ones.