The OB Volume Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify and analyze volume changes in the Forex market. The indicator is based on the observation that the volume of a currency pair will increase when the price of the pair is moving in the same direction as the trend. The OB Volume Indicator is designed to measure the volume of a currency pair in relation to its trend. The OB Volume Indicator works by plotting the volume of a currency pair on a chart. The indicator will display the volume of a currency pair as a percentage of its average volume. The indicator will also display the trend of the currency pair. When the trend is up, the indicator will show a positive volume, and when the trend is down, the indicator will show a negative volume. The indicator is a valuable tool for traders who want to take advantage of volume changes in the Forex market.
MT4
OB Volume
The OB Volume Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It displays the volume traded in each price bar and highlights the highest and lowest volume areas. It is a great tool for traders to use in their analysis of the Forex market and to help them make informed trading decisions.
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Category: Signal
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Description
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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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