The Quasi Volume Bars Indicator is a useful and popular free Forex indicator for the MT4 platform. This indicator uses a unique formula to display volume bars that provide an accurate representation of the volume activity in the market. The indicator is designed to help traders identify potential entry and exit points in the market. The indicator works by plotting volume bars on the chart. These bars are based on the volume activity in the market and provide an indication of the strength of the market. The bars are color-coded to indicate the direction of the trend. Green bars indicate an uptrend while red bars indicate a downtrend. The indicator also displays a histogram which shows the total volume activity in the market. It is a popular indicator among Forex traders and can be used to identify potential entry and exit points in the market.
MT4
Quasi Volume Bars
The Quasi Volume Bars Indicator is a useful and popular free Forex indicator that is designed for the MT4 trading platform. The indicator displays a volume bar for each candle that is formed on the chart. With this indicator, traders can easily identify when a market is in a strong uptrend or downtrend and can use this information to make informed trading decisions.
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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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