Better Volume TRO Dash Indicator

Better Volume TRO Dash Indicator

Better Volume TRO Dash Indicator For MT4 is an advanced version of the volume indicator. Shows potential forex trend reversal areas based on volume.

The Better volume TRO dash indicator for MT4 is an advanced version of the classic MT4 volume indicator. It classifies the volume strength into easily identifiable values and colors. As a result, forex traders can identify the trend and volume of the market and identify price reversal points.

The indicator works well in all chart time frames and is suitable for all type of traders. Moreover, it is suitable for new and advanced forex traders.

Better Volume TRO Dash Indicator For MT4 Trading Signals

The indicator plots different colors of histogram bars to helps traders identify the volumes. The blue bar indicates normal trading volume and implies that the trend will continue. Additionally, the yellow bars indicate low trading volumes and trend exhaustion.

A blue bar indicates increased volume and anticipates a shift in market direction and a trend change. The most important one is the red bar; it indicates a strong possibility of trend reversal from bearish to bullish or vice versa. In fact, the climax high candle or the red candle is the tallest histogram bar and easy to identify.

In general, trading volumes are an essential component in technical analysis. However, an increase in trading volumes should be in conjunction with price action to provide a result. So, traders should use other indicators in confluence for better results or use this volume indicator to confirm the signals of their trading strategy.

Conclusion
In summary, the Better Volume TRO dash indicator for MT4 is an excellent version to understand the volume and incorporate them into technical analysis.