Volumes indicator.

We present to you one of the best indicators for measuring market volumes. Its distinctive features include the lack of need for fine-tuning and ease of use in virtually any Forex strategy . You can download the volumes indicator completely free of charge below.

This is not the standard version you might find in any trader's terminal, but a more advanced version with significantly expanded functionality and an attempt to differentiate trading volumes based on their direction.

The volumes indicator looks more like an oscillator. After installing it in the MetaTrader trading terminal and running it on a chart, it appears in a separate window as a histogram consisting of bars.

The bars are two-colored, with sell trades colored red and buy trades colored blue. With the default settings, the lines overlap, making it difficult to accurately monitor the current situation.

To improve the visual presentation of information, simply change the width of one of the lines in the "Colors" tab of the volumes indicator settings. This will produce a more interesting image, as shown in the image below.

Additionally, additional information is displayed on the screen, allowing you to measure market volatility parameters such as:

Ticks volumes (currency pair) – the average value of the number of transactions executed on the current currency pair. Its growth almost always indicates support for the existing trend direction.

BUY volumes – the number of transactions executed by traders to buy currency. The higher the value of this indicator, the greater the number of Forex players believing in the uptrend and acting as bulls.

SELL volumes – this indicator characterizes so-called bearish sentiment; its value indicates the number of currency sell transactions.

Download the volumes indicator

. Some application features.

This technical analysis tool is quite simple to use; a decrease in the Ticks volumes indicator indicates a high probability of an imminent market reversal. Accordingly, its stable growth indicates a strong trend.

The numbers of bullish and bearish transactions are primarily for reference purposes, since in our case, Forex volume broken down by transactions does not have a significant impact on the current price in the currency market.

By observing the volumes indicator, you can independently identify additional patterns in its operation.