Normalized Volume Indicator for MT4 Download - Free - [TradingFinder]

The Normalized Volume Indicator is a powerful analytical tool for analyzing and comparing the current trading volume with its historical average in MetaTrader 4.

This indicator significantly helps traders calculate the strengths and weaknesses of price movements. It evaluates the trading volume relative to the normal volume using histogram bars.

Specifications Table of the Normalized Volume Indicator

Uptrend Conditions

Based on the GBP/USD currency pair chart analysis in a 15-minute timeframe, the histogram displays prominent blue bars. In uptrend conditions, the formation of blue bars in the positive phase of the oscillator indicates the beginning of an uptrend.

Downtrend Conditions

According to the Polkadot (DOT) price chart in a 1-hour timeframe, the histogram also displays prominent blue bars. In downtrend conditions, the formation of blue bars in the positive phase of the oscillator indicates the beginning of a downtrend.

Indicator Settings

• Calculation Period: The number of candles used to calculate the normal volume is 14;
• Signal Threshold: The threshold value for identifying high or low volume is 100.0;
• Theme Setting: Indicator theme.

Conclusion

The Normalized Volume Indicator in MetaTrader 4 is a tool to analyze trading volume and compare it with the historical average over a specific period. This indicator helps traders identify the strengths and weaknesses of price movements.

The trading volume is visually represented by histogram bars, with blue bars indicating volumes above normal and orange bars indicating volumes below normal.