MACD and Volume Indicator for MetaTrader 4 Download – [TradingFinder]

The MACD and Volume indicator is a tool for analyzing trading volume, identifying trends, and determining entry and exit points in the market. This indicator identifies optimal trading opportunities by combining MACD and volume through divergence, convergence, and volume changes.

MACD and Volume Indicator Specifications Table

Below is a table outlining the specifications of the MACD and Volume indicator in the MetaTrader 4 platform.

Uptrend Conditions

The following price chart displays Bitcoin (BTC) in a 5-minute time frame. The gray histogram bars rising above the zero line and the divergence of the pink line indicate a strong bullish trend and an entry point.

Downtrend Conditions

The following price chart illustrates the EUR/USD currency pair in a 5-minute time frame. The gray histogram bars moving below the zero line, combined with decreasing trading volume, indicate selling pressure, the continuation of a bearish trend, and a potential entry point.

Indicator Settings

Image below showcases the adjustable settings for the MACD and Volume indicator in the MetaTrader 4 platform:

• Fast EMA Period: Fast Exponential Moving Average period to 12;
• Slow EMA Period: Slow Exponential Moving Average period to 26;
• Signal SMA Period: Signal Simple Moving Average period to 9;
• Applied Price: Applied price;
• Type of Volume: Type of volume;
• Theme: Display theme.

Conclusion

The MACD and Volume indicator combine technicalanalysis of price trends and trading volume changes simultaneously. By analyzing convergence and divergence in price movement, the MACD identifies trends' strengths and weaknesses. Additionally, trading volume provides insights into a trend's credibility.