The Normalized Volume Indicator is a popular and useful forex indicator designed for the MT4 platform. This indicator helps traders analyze the volume of a particular asset in relation to its historical volume data. By normalizing the volume based on historical averages, traders can better understand market trends and potential reversals. The Normalized Volume Indicator is easy to use, simply plot it on your chart and observe the volume data displayed. A spike in volume compared to its historical averages can indicate strong market momentum, while a decrease in volume may signal a potential trend reversal. This indicator is free to use and is a valuable tool for traders looking to make informed decisions based on volume analysis in the forex market.
MT4
Normalized Volume
Normalized Volume Indicator for MT4 is a popular and useful forex indicator that is available for free. This indicator works by analyzing trading volume to help traders gauge market sentiment and potential price movements. Traders can use this indicator to identify trends and make informed trading decisions._normalized volume indicator is a valuable tool for traders looking to improve their forex trading strategies.
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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.
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