positive volume index for MetaTrader4 (mt4) – free download
In this section you can download positive volume index for MetaTrader4 (mt4):
How to install positive volume index in Metatrader4?First, download Indicator files When you finish downloading files, go to download folder and unpack your indicator. Now copy files Go to your Metatrader platform. Click File in the upper menu and select Open data folder. You should see a folder like this: Can you spot the MQL4 folder? Open it and here you will find folders like: Go to Indicators folder. Now go back to your Downloads folder. Open MQL4/indicators folder and copy file: Paste them into Metatrader MQL4/indicators folder Time to Refresh/Restarts It is best to restart the Metatrader4 platform. You can also click refresh. To do that, go to Navigator, right-click Indicators menu and select Refresh. Add Indicator to the chart Now it is time to add indictor to the chart. The easiest way is to open navigator, go to Indicators and double click name of indicator you want to add:
About positive volume index and how to use positive volume index in trading
Regular readers know that my preferred volume indicator is the Balance of Volume (OBV) introduced by Joe Granville. This article gives an overview of the positive volume trading strategy (POS) of the last few years. The Balance-of-Volume Indicator (OBV) is a momentum indicator that uses volume flow information to help traders better predict price changes. Volume is used to allocate volume weight based on intraday volatility to a number of stocks, including the Dow Jones Industrial Average, S & P 500, NASDAQ, and Nasdaq 100.
If the volume in any way changes from negative to positive, it has the potential to signal strong institutional purchasing power. When a stock trend goes up and prices rise, it shows buyers are keen to buy. Negative volume indices are usually coupled with a negative volume index, and divergence between the two is often used to identify future trading opportunities. This is mostly done in the case of positive volume indicators such as the Balance – of – Volume Indicator.
Balance – of – Volume is the best reading of these indicators because it is a simple line chart that moves based on the closing price of the asset and does not require any adjustment. While many volume indicators display volume based on a timeframe, the volume is displayed in a range, making it a good indicator for trading strategies that use volume.
In other words, traders monitoring the balance – or volume – of a stock can expect a trend of rising volumes, which often occurs after an upward trend in the share price sets in. The change in volume from day to day shows that stocks are in greater demand as the volume bar rises, while volume falls when the price falls. When you move higher with a step-step approach, you want to see an increase and when you are lower, you want to see a decrease.
When an extreme measurement of the positive volume indicator decreases, the index falls below the moving average. This is because there is a tendency for an index to fall below its 50-day moving averages, which we will describe in more detail later in this article.
If the positive volume exceeds the negative volume, the buying pressure becomes obvious because the OBV line increases. If negative volumes exceed positive volumes, there may be sales pressure due to the rising or falling OBv line. This is a good thing, because it combines the ability to see how changes in quantity can affect the price. As we have explained in a previous issue, volume fluctuations can precede price changes, especially if you consider whether the OBV indicator is positive or negative.
Another impulse and technical indicator that uses the volume flow to determine changes in the share price is the balance sheet volume. The indicator for the balance volume is the cumulative total volume, whether positive or negative, as it is determined by the ratio of the positive volume to the negative volume in the balance sheet of a share. This is a cumulative total volume of positive and negative, representing the difference between the total number of shares in circulation and the average volume of the previous month.
The Volume Indicator bar usually shows changes in the share price trend, but sometimes it is so large that it does not always show a volume change, which brings us to the issue of blow-off volume. The color of the bars indicates whether there is a positive or negative increase in the balance sheet volume or a negative volume reduction. For the trading strategy of the balance sheet volume of the OBV, the OBv indicator uses a weak trend pullback, which fades with the help of a weighted moving average.
It is worth noting that the OBV indicator only works for the market and the associated exchange rate volume. The cumulative delta of the Volume Indicator reflects only the volumes that have occurred on the supply and the asset side, while the volume of the OBV factor reflects the only volume that occurs on both the supply and the question side. To calculate the PVI for 15 October 2020, which falls on a Thursday, we need to take into account the trading strategy of buying and selling and the balance sheet volume on a daily basis. In order to calculate a positive volume index, the volume of the ObV balance is added to the volume on an upward day and subtracted from it on a downward day.
The positive volume index (PVI) is an indicator that tracks the volume when it rises compared to the previous day. It performs the same function as the OBV indicator, but with a much more detailed analysis of the trading strategy and balance sheet.
According to MQl5.com, the basic concept that Granville uses to design its OBV indicator is that if the price closes higher than the previous day’s close, the volume is considered higher. If the stock closes with a higher price than its previous closing price of $1.00, the price-volume trend indicator could be interpreted to mean that more volume flows into the higher $2.0 than into the higher $1,000. Because when prices rise, the volume increases with the indicator, which also increases.
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