The Volume Divergence Markers Indicator is a popular and free Forex indicator for MT4 that can be used to identify potential trading opportunities. It is a useful tool for traders who want to take advantage of divergences between the price and volume of a currency pair. The indicator plots arrows on the chart to show when there is a divergence between the price and volume. The arrows appear when the price moves in one direction while the volume moves in the opposite direction, indicating that a potential reversal may be imminent. The Volume Divergence Markers Indicator is easy to use and can be applied to any timeframe. It is based on the divergence between the price and volume of a currency pair and can be used to identify potential reversals. The indicator can be used to identify potential entry and exit points for trades. It can also be used to confirm or reject existing signals.
MT4
Volume Divergence Markers
The Volume Divergence Markers Indicator is a free and popular Forex indicator for the MetaTrader 4 (MT4) platform. It is a useful tool for traders as it helps to identify potential buying and selling opportunities. This indicator uses volume to identify divergences in the price action. It plots arrows on the chart to indicate where a divergence has been spotted. The arrows are color-coded to indicate whether it is a buy or sell signal. The Volume Divergence Markers Indicator is easy to use and can be a great addition to any trading strategy. It is a useful tool for traders as it can help them to make better decisions when trading Forex.
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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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