Forex Strict Volume MT4 Indicator

Forex Strict Volume MT4 Indicator:

About the Forex Strict Volume MT4 Indicator

Volume indicator Strict Volume, in the Forex market, volumes are peculiar (tick). This volume indicator shows the level of financial and emotional involvement. When the indicator forms a new peak, this suggests that buyers are stronger than sellers for a certain period of time. If the indicator decreases, this indicates that bears are stronger.
Why is it impossible to track normal volumes on Forex? The fact is that this is an over-the-counter market. Therefore, it is practically impossible to calculate the volumes of purchases and sales for one instrument. Many Forex traders completely abandon volume indicators in their work. But for those who want to use them, there are some interesting tools, and one of them is Strict Volume.
The Strict Volume indicator reflects the average volume indicator over a given period of time. The indicator is calculated every day, and new values ​​are added to the previous ones. If there are no price changes in the market, new values ​​are not added to the Strict Volume. Accordingly, the indicator does not change. It is noteworthy that the balance sheet volume sometimes rises earlier than prices, so this indicator may indicate in advance that a price movement begins in the market in one direction.

Test results:

Forex Strict Volume MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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