Better Volume 1.5 Alerts Indicator

Better Volume 1.5 Alerts Indicator

Identify stock buy or sell signals in Forex using the Better Volume MT5 indicator. Detects trend reversal patterns. Offers better trading solutions than conventional volume based indicators.

The Better Volume 1.5 Alerts indicator is one of the best volume indicators on the market. As a technical instrument, it determines the balance between supply and demand for securities. In addition, it can distinguish the difference between the expected average trading volume. and real results.

This indicator is ideal for analyzing market trends, price volatility and determining the likelihood of potential trade setups. Moreover, it helps traders gauge market sentiment, which is very useful for day trading.

Additionally, this indicator comes with BetterVolume 1.5, which is the latest version of this volume. analysis tool. The latest edition is easy to read, easy to use and especially suitable for beginner level traders.

In this guide, we explained how to use Better Volume 1.5 for buying and selling purposes, including example charts and MetaTrader 5 settings.

How to determine buy-sell signals using the Better Volume 1.5 Alerts Indicator in MT5
Generally, there are two types of volume indicators in the market:

Tick vol.
Real vol.
The tick indicator counts each tick of price movement over selected time periods. On the other hand, the real counts the total number of lots traded during the formation of the candle. This volume. Suitable for trading goods in a warehouse. It is completely unrealistic to calculate the total number of trading volumes for Forex instruments. So, mark the volume. is the best option for day trading in the Forex market.

Before using indicators in the real market, it is important to understand the relationship between volume and price. Please note that volume based indicators do not generate direct buy and sell signals. Instead, it gives you a view of the market, showing the balance between supply and demand for assets.

In the chart above, the price initially refused to move down and bounced up. At the same time, volume increases (1), supporting the bullish price movement. This setup indicates that the price may continue its bullish movement.

In the second setup, you can see that the price is denying the bearish move, instead it is building several bullish pin bars. The failures were supported by significant increases in volume (2). Later, the price continued to rise with positive volatility. support.

Now, on the third setting, vol. increased (3), but the price stopped moving higher and was unable to create a new high. This means that volume is no longer supporting the current bullish price movement. We will consider such conditions as setting for a trend reversal.

Conclusion
The Better Volume 1.5 Alerts indicator is an essential MT5 tool for day trading. This indicator uses BetterVolume 1.5, which is very effective for monitoring the accumulation and distribution of trading assets. Moreover, this indicator displays a simple display of the market volume status, which provides great benefits to new Forex traders and stock traders.