Blautvi Indicator

Blautvi Indicator

The Blautvi indicator shows a tick volume for increases and decreases on any currency pair.

Blautvi indicator is an MT5 indicator that highlights the volume display of a currency pair.

It forms several bars on the chart, creating a wave-like structure. Bars come in different colors. When there is little or no volume, the indicator draws Orange and Magenta bands. On the other hand, the indicator displays SkyBlue and Blue colors when there is significant volume.

As a trader, the indicator will come in handy when deciding whether to jump in or wait for volume to appear. As we know, volume is one of the most important factors in determining the strength of a pair, so by applying the Blauthwee indicator, you can identify common entry points.

The indicator warns you when volume changes from low to high, signaling that you may go long or short.

How to trade the Blautvi Indicator?
As already mentioned, volume determines the strength of a currency pair. So tick volume is useful because it gives you a clear idea of ​​where the pair is headed.

Generally, when volume is high, the pair has more trading opportunities. So by applying the Blautwee indicator, you can find out if there is a lot of volume.

The indicator forms a wave-like structure. High up waves tell us about the high volume of the uptrend and we should go long.

On the other hand, the indicator shows downward waves, signaling that we should open short positions.

Let’s find out the strategy of buying and selling by the indicator:

Buy strategy

Tick volume should show Blue and SkyBlue waves.
Wait for the volume to rise along with the price action.
Enter the trade after the tick volume shows two or three upside bars.
Place a stop-loss near the low of a buying point.
Leave the trade when the volume decreases.
Sell strategy

Tick volume should show Orange and Magenta waves.
Wait for the volume to dip along with the price action.
Enter the trade after the tick volume shows two or three downside bars.
Place a stop-loss near the high of a selling point.
Leave the trade when the volume increases.
Conclusion
There is no specific time frame for the Blautwee indicator, but you should apply it on charts above 30 minutes. However, the indicator gives you an idea of when to enter a trade and when to abstain from it.

For more accurate trading signals, you can combine the indicator with other indicators such as RSI or MACD.