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Price Volume Divergence Indicator for MetaTrader 4 Download - Free - [TFlab]

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MetaTrader4

MetaTrader5
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Price Volume Divergence Indicator for MetaTrader 4 Download - Free - [TFlab]
Price Volume Divergence Indicator for MetaTrader 4 Download - Free - [TFlab] 0
Price Volume Divergence Indicator for MetaTrader 4 Download - Free - [TFlab] 1
Price Volume Divergence Indicator for MetaTrader 4 Download - Free - [TFlab] 2
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The Price Volume Divergence Indicator is one of the simplest indicators for identifying and trading based on volume divergences in financial markets.

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:

Category

Volume - Signal & Forecast - Trading Tool

Platform

MetaTrader 4

Skill Level

Intermediate

Indicator Type

Continuation - Leading

Timeframe

Multi-Timeframe

Trading Style

Day Trading

Market

All Markets

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.

Price Volume Divergence Indicator in an Uptrend
Identifying Volume Divergences in an Uptrend Using the Price Volume Divergence Indicator

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 in a Downtrend
Bearish Signal Detection in the Price Volume Divergence Indicator During a Downtrend

Price Volume Divergence Indicator Settings

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

Price Volume Divergence Indicator Settings
Settings Panel of the Price Volume Divergence Indicator in MetaTrader 4
  • 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.

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FAQs

How can traders interpret the signals from this indicator?

  • Bullish signals appear in blue and indicate a potential price increase.
  • Bearish signals appear in purple and suggest a possible price decline.

Can this indicator be used in all financial markets?

It can be applied in Forex, stocks, cryptocurrencies, and other financial assets.

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