The Strange Volume indicator is a popular and useful forex indicator for MT4 that is available for free. It works by analyzing volume changes in the market to identify potential buying or selling opportunities. The indicator displays different colored bars to highlight high or low volume periods, helping traders make more informed decisions. To use the Strange Volume indicator, simply add it to your chart in MT4 and adjust the settings to suit your trading style. When the indicator shows a high volume period, it may indicate strong market momentum and potential trading opportunities. Conversely, a low volume period could signal a lack of interest in the market and potential price reversals. Overall, the Strange Volume indicator is a valuable tool for forex traders looking to improve their trading strategies and make more informed decisions based on market volume.
MT4
Strange Volume
The Strange Volume Indicator is a useful forex indicator for MT4 that has become popular among traders. This free indicator works by analyzing volume patterns to identify potential market reversals. Traders can use this indicator to spot possible changes in market direction and 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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