Volume Divergence Makers is a custom built Metatrader 4 indicator that works with volume and price divergences.
The indicator analyzes price action and draws a blue colored dot on the chart whenever it identifies volume divergence.
In essence, the indicator will help you in taking informed buy/sell trading decisions.
The indicator performs the best when combined with other technical indicators or with a price action based Forex strategy.
Feel free to experiment with the indicator’s default input values.
Free Download:
Download the “Volume_Divergence_Markers.mq4” indicator for MT4
Indicator Chart
The picture below shows the Volume Divergence Makers mt4 indicator attached to the EUR/USD M5 chart.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (marker display mode), color settings & style
Indicator type: Volume + divergence
Download Now:
Download the “Volume_Divergence_Markers.mq4” indicator for Metatrader 4
How to install the Volume Divergence Makers indicator in Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.