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Price Volume Divergence

The Price Volume Divergence Indicator MT5 is a free and popular Forex indicator that is useful for traders of all levels. The indicator works by comparing price and volume data to identify divergences. If the price is increasing while the volume is decreasing, this could indicate that the current trend is about to reverse. It is free, easy to install and use, and can help traders identify potential reversals and confirm existing trends.

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Description

The Price Volume Divergence Indicator emerges as a powerful and free resource that can help traders identify divergences between the price and volume of an asset, potentially signaling an impending trend reversal.

Features of the Price Volume Divergence Indicator

The Price Volume Divergence Indicator is a comprehensive technical analysis tool designed to assist Forex traders in identifying divergences between the price and volume of an asset. This innovative indicator utilizes a sophisticated algorithm to compare the closing prices of an asset with its corresponding trading volume.

When the price and volume begin to diverge, the indicator generates visual alerts, such as green and red arrows, to notify traders of potential market shifts. This clear and intuitive signaling system allows traders to quickly assess the market conditions and make more informed buy, sell, and hold decisions.

How the Price Volume Divergence Indicator Can Benefit You

Incorporating the Price Volume Divergence Indicator into your Forex trading strategy can offer numerous advantages. This powerful tool helps you identify potential trend reversals and breakouts, enabling you to capitalize on emerging market opportunities.

Whether you’re a day trader, a swing trader, or a long-term investor, the Price Volume Divergence Indicator can assist you in recognizing bullish or bearish divergences, potentially leading to improved trading performance and profitability.

Indicator Settings

Use Alert: This setting determines whether the indicator will generate alerts whenever a new signal is detected.

Apply Volume: This parameter controls whether the indicator should use tick volume or real (trading) volume for its calculations.

Conclusion

The Price Volume Divergence Indicator is a must-have tool for any Forex trader seeking to enhance their market analysis capabilities and trading success. Its user-friendly interface, advanced algorithmic design, and free availability make it an invaluable resource for traders of all skill levels. Download the Price Volume Divergence Indicator and unlock the power of volume-based trading strategies to elevate your Forex trading journey.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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