SonicR VSA (Black) Indicator

SonicR VSA (Black) Indicator

SonicR VSA (black) indicator for mt4 – download free. Best volume analysis (VSA) indicator for mt4. Mt4 momentum indicator.

The SonicR VSA (Black) indicator for MetaTrader is a volume spread analysis (VSA) tool that tracks the algorithms of the volumes and spreads of an asset. It helps you to visualize the participation of the big financial institutes which are often reflected by volumes and spreads.

This makes the indicator a valuable trading tool that can come in handy when analyzing the market. It can assist you in making informed trading decisions like trade entries, exits, and when to stay out of the market.

The SonicR VSA (Black) indicator comes with histogram bars of different colors that sit on a separate window. The histogram bars depict the prevailing market volumes and the spread of an asset.

Furthermore, this technical indicator can be used by both novice and advanced forex traders. Besides, the indicator is also suitable for different trading styles like scalping, day/intraday, and swing trading.

SonicR VSA (Black) Indicator BUY/SELL Signals

The above screenshot shows how the indicator would look on your MT4 chart. It is important to note that the SonicR VSA (Black) indicator doesn’t generate clear-cut BUY/SELL signals.

The indicator is designed to assist you in identifying the prevailing market sentiments in terms of volumes and spreads. Nonetheless, the indicator is not immune to false signals. Therefore, it is recommended to be used in synergy with other technical indicators to filter false signals.

The histogram bars on the indicator depict different volumes and spreads of the market.

Blue bar – This shows that the spread is decreasing and the volume is increasing.
Lime bar – This bar depicts a stronger bullish volume (generated ted by the big financial institutions).
The red bar – This bar depicts a stronger bearish volume (generated by the big financial institutions).
Dim Gray bar – This bar depicts neutrality in the market.
Conclusion
The SonicR VSA (Black) indicator for MT4 is the best volume spread tool that has the feature to improve your overall trading skill. What’s more, the indicator gives room for technical analysis as it doesn’t interfere with the candlestick on the chart. Finally, the indicator is free to download.