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Volume by Price MT4

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 0%
7-Day Profit: 0%
Support: 24Ρ…7 via Telegram
Try it FreeπŸ€
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 0%
7-Day Profit: 0%
Support: Developer
Test it FreeπŸš€

What is Volume by Price MT4?

  • The Volume by Price indicator for MetaTrader 4 is a powerful analytical tool that visualizes trading volume at specific price levels.
  • It helps traders understand market sentiments by displaying the relationship between price and volume through various profiles.
  • This indicator can be particularly useful in identifying supportive and resistance levels based on volume distribution.

    • Key Features

  • Volume and TPO histogram bar and line charts to visualize trading activity.
  • Offers multiple methods of displaying volume data, including static, dynamic, and flexible ranges.
  • Integration with Volume Spread Analysis (VSA) and Volume Price Analysis (VPA) techniques!
    • πŸ€‘

    Components of Volume Profile

  • Point of Control (POC): The price level where the highest volume of trading occurred within a given timeframe.
  • Value Area (VA): The range of prices where a certain percentage of trading volume is concentrated.
  • High Volume Nodes (HVN) and Low Volume Nodes (LVN): Indicators of price levels where buying/selling interest is strong or weak.

    • How It Works

  • The indicator displays price clusters with corresponding volumes, highlighting conditions that may indicate a buy/sell opportunity.
  • Color-coded bars show where buying or selling activity is predominant, providing visual cues on market behavior.
  • Traders can customize the parameters, like the number of price clusters or the timeframes analyzed, to tailor the indicator to their strategies.

    • Best Practices for Using Volume by Price

  • Combine with other trend indicators or oscillators for more effective trading signals.
  • Use this indicator during key trading sessions when market activity is heightened for better accuracy.
  • Adjust the settings to your trading style, whether you're day trading or scalping!
    • 😎

    User Feedback

  • Volume by Price MT4 has received a positive rating, showcasing its reliable performance across various trading scenarios.
  • Users appreciate the straightforward interface that simplifies the complex relationships between trading volume and price.
  • Many have reported improved trading decisions by incorporating volume analysis into their strategies.
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