MACD And Volume Indicator

MACD And Volume Indicator

MACD And Volume Indicator For MT4 adds volume line to the classic MACD indicator and helps forex traders confirm the MACD buy and sell signals using volume.

The MACD and Volume indicator for MT4 adds volume to the classic MACD calculation. As a result, forex traders are able to identify the increase in volume as an additional confirmation of the MACD bullish and bearish trend trading signals.

The indicator is simple to use and is effective for new and advanced forex traders. Moreover, it works well in all intraday price charts as well as the daily, weekly and monthly charts. So, this indicator is effective for short and long-term forex trading technical analysis and trading strategies. Additionally, traders can formulate automated forex trading strategies using this indicator.

MACD And Volume Indicator For MT4 Trading Signals

The indicator plots grey histogram bars, red and blue MACD indicator lines and a green volume line. The trading strategy is similar to the classic MACD trading strategy. However, traders can use the green volume indicator line for additional confirmation. Higher volumes indicate increased interest of traders in the forex currency pair and results in trend. On the other hand, lower volumes may indicate lack of interest and may result in price consolidation.

If the MACD line crosses above the zero line and the histogram bars are above the zero line, it indicates a bullish trend signal. Additionally, if the green volume line is also moving higher traders can confirm the MACD buy signal and enter a trade with a stop below the previous swing low and book profits at an opposite signal.

Traders can follow a similar strategy and open sell position in a bearish condition.

Conclusion
In summary, the MACD and volume indicator for MT4 by adding volume helps forex trend traders to confirm the MACD buy and sell forex trading signals.