What is the Ticks Volume Indicator for MT4?
The Ticks Volume Indicator (TVI) is a technical indicator that can help predict future market trends. The TVI tracks the number of times a security’s price has been traded over a certain period, and it indicates how volatile the stock is.
The TVI was designed by Jens Schulte in 2001 and is used in many trading platforms, such as MT4. To use the TVI, enter your Security symbol into the filter box at the top left corner of MT4, then select “Ticks Volume.” The chart will automatically start tracking this data point. As you watch the diagram, note whether any patterns appear related to current market conditions. This information can help you make better investment decisions!
How to use the Ticks Volume Indicator for MT4?
If you’re a forex trader, you may be familiar with the Ticks Volume Indicator (TVI). TVI is a technical analysis indicator that helps traders determine whether the market is oversold or overbought.
To use TVI, create an order entry based on your trading strategy. Then, place a buy or sell limit order at the price that will provide the best opportunity for profit. Finally, enter into your trade using either of these methods: when volume rises above your buy limit, or the book falls below your sell limit and stays there for 3 minutes or more.
The goal of using TVI is to identify opportunities near support and resistance levels. When buying stocks, it’s often prudent to buy in anticipation of increased demand; likewise, selling stocks can make sense if prices are too high relative to underlying value. By monitoring how much action is taking place around these levels—and adjusting our trades accordingly—we can maximize profits while minimizing risk!
Ticks Volume Indicator MT4 trading settings
Forex Ticks Volume Indicator (MT4) is a trading tool that uses volume data to indicate whether the price of a security or currency is overbought or oversold. This indicator helps traders make better investment and trade decisions.
You need to adjust three primary settings for the indicator to work correctly: time frame, timeframe type, and the number of bars.
The time frame can be set between 1 and 8 days; the timeframe type can be hourly, daily, weekly, monthly, quarterly, or yearly. Bar length can also be adjusted from 1 bar up to 200 bars per chart boundary.
Finally, the number of bars displayed corresponds directly with your desired signal criterion – MACD histogram level (1-9), RSI divergence value (10-39), Relative Strength Index Growth Level (-30 through 0), or True Range Average values (+5 through +30).
Ticks Volume Indicator Advantages
There are a few advantages to using the forex Ticks Volume Indicator (FTVI) in your trading strategy. For one, it can help you identify potential turning points and reversals in the market. This is important because it allows you to make informed decisions about buying or selling stocks or currencies at those moments.
Another advantage of FTVI is that it can help you avoid overtrading. By monitoring fluctuations in volume, you’ll be able to keep yourself from making rash decisions that could cost you money. And last but not least, FTVI can also give traders an early indication of when a stock might reach equilibrium – which means that prices will start moving back and forth between supply and demand without hitting any significant extremes
Ticks Volume Indicator Disadvantages
There are a few disadvantages to using the forex Ticks Volume Indicator. The first disadvantage is that it needs to be more accurate. By comparing two different periods, the indicator may falsely suggest that there was more activity in one period than in the other. For example, if prices were high during one period but low during another, the indicator would show higher volume for the former period even though there was no actual increase in volume.
The second disadvantage is that it could be easier to use correctly. If you need to become more familiar with technical analysis and how to read indicators, you may misinterpret this type of data as an indication of future market movement.
TV Indicator installation on MT4
The Ticks Volume Indicator is a custom technical indicator for the MetaTrader 4 (MT4) platform. It’s a volume indicator based on the number of ticks received by the platform during a specific time period. To install the indicator on your MT4 platform, you will need to follow these steps:
- Download the indicator file from a reputable source in the .mq4 or .ex4 format.
- Open the MT4 platform and navigate to the “Navigator” window, which is typically located at the bottom of the screen.
- In the Navigator window, click on the “Custom Indicators” tab to open the list of installed indicators.
- Click the “Browse…” button, navigate to the location where you saved the indicator file, and select it.
- The indicator will be installed and added to the list of custom indicators in the Navigator window.
- To add the indicator to a chart, open the chart for the currency pair or instrument you want to analyze, and then drag and drop the indicator from the Navigator window onto the chart.
The Ticks Volume Indicator is a custom technical indicator that can be used to analyze market trends. It’s based on the number of ticks received by the MT4 platform and indicates current volume levels.