Price Volume Divergence Indicator for MT4 Download - Free - [TFlab]

The Price Volume Divergence Indicator is one of the simplest indicators for identifying and trading based on volume divergences in financial markets like the forex market.

This MT4 signal and forecast indicator automatically detects classic and hidden divergences and displays trading signals directly on the chart.

The Volume Divergence Indicator marks bullish signals in blue and bearish signals in purple.

Price Volume Divergence Indicator Features

The key specifications of this indicator are summarized in the table below.

Indicator in an Uptrend

In the EUR/CAD chart, the indicator detects divergences between price and volume and highlights entry points.

Traders can increase trade accuracy by combining these signals with price patterns such as Bullish Engulfing or key zones like Order Blocks, ensuring more confident trade execution.

Indicator in a Downtrend

In the GBP/JPY chart during a downtrend, the indicator identifies divergences between price and volume and generates bearish signals.

Traders can confirm these zones by validating the signals with candle confirmations, such as Pin Bars or key market levels.

Price Volume Divergence Indicator Settings

The settings panel for the Price Volume Divergence Indicator is displayed in the image below:

• Enable or disable alerts when certain conditions are met: Display alerts when a signal is triggered
• Enable or disable email notifications: Send email alerts when a signal occurs
• Enable or disable push notifications to your mobile device: Enable mobile push notifications
• Display volume bars on the chart: Show volume bars directly on the price chart

Conclusion

The Price Volume Divergence Indicator is one of the simplest MetaTrader 4 tools for identifying volume and price divergences.

This MT4 trading assist Indicator, automatically detects bullish and bearish volume divergences and marks them on the chart with color-coded signals.