The Daily Forex Volume candlestick indicator for MT4 displays the daily Forex volume above each candlestick.
It gives you an overview of daily market volatility.
- Green volume numbers above the candlestick means a positive day (market up).
- Red volume numbers above the candlestick means a negative day (market down).
The indicator should be viewed on the daily chart for the ease of use.
Indicator Example Chart (EUR/USD Daily)
How to trade with it (example)?
The Daily Forex Volume candlestick indicator itself does not give you any clues about where the market is heading to.
Please combine the indicator with an existing trading strategy or system.
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Bars to count, use alerts, color settings & style
Indicator type: trend
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the aliev-fx-volumes.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.