The Balance Volume High Low indicator is a useful tool for forex traders who use the MetaTrader 4 platform. This popular indicator is free to use and provides valuable insights into market trends. The indicator works by calculating the volume of buy and sell orders to determine market sentiment. It plots the high and low points of the balance volume on the chart, helping traders identify potential entry and exit points. Traders can use the Balance Volume High Low indicator to confirm trends, spot reversals, and make more informed trading decisions. By analyzing the volume data, traders can gauge the strength of a trend and anticipate changes in market direction. With its user-friendly interface and powerful capabilities, this indicator is a must-have for forex traders looking to improve their trading performance.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Balance-Volume-High-Low-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Balance-Volume-High-Low-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Balance-Volume-High-Low-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Balance-Volume-High-Low-screenshot-3-230x144.png)
Balance Volume High Low
The Balance Volume High Low indicator is a popular and useful forex indicator for MT4. It helps traders identify buying and selling pressure by analyzing the volume of trades at different price levels. This free indicator can be used to confirm trends and predict potential reversals in the market. It is a valuable tool for analyzing market sentiment and making informed trading decisions.
Indicator Type | |
---|---|
Trading Style | , |
Platform | |
Timeframe | , |
0
People watching this product now!
Categories: Stochastic, Trend
Downloads - 8
Description
Reviews (0)
Be the first to review “Balance Volume High Low” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Trend Magic
The Trend Magic Indicator is a popular, free forex MT4 indicator that uses a combination of moving averages and filters to identify the trend direction and potential trade opportunities. The indicator appears as a line that changes color according to the current trend direction. The green color indicates a bullish trend, while the red color indicates a bearish trend. It is simple to use and can be a valuable tool for traders to identify potential entry and exit points in the market.
Automatic Trendlines
The Automatic Trendlines indicator is a new and popular free to use MT4 indicator designed to automatically draw trendlines on your chart, saving you time and effort. The indicator uses advanced algorithms to determine trendlines based on price movement and can be used on any currency pair or timeframe. The Automatic Trendlines indicator is a useful tool for traders who want to quickly and easily identify trends in their charts.
Heikin Ashi Candle
The Heikin Ashi Candle Indicator is a new and popular forex indicator for MT4 that provides traders with a unique way to analyze price movements. It is designed to display candles on a chart in a way that filters out market noise and shows a clearer picture of the trend. The Heikin Ashi Candle indicator averages the open, close, high and low prices of each candle to create a smoother and more readable trend. This indicator is useful for traders of all skill levels as it simplifies the process of spotting trends and potential market reversals.
VWAP Bands
Discover the power of the VWAP Bands indicator, which emphasizes volume in its calculation. Gain insights into support and resistance levels, fair value, and trading opportunities. Suitable for all traders, this versatile Metatrader Indicator allows customization across various time frames with adjustable settings for better trading.
Reviews
There are no reviews yet.