Aliev FX Volumes MT4 Indicator

Aliev FX Volumes MT4 Indicator is a powerful tool for analyzing trading volumes in live markets. Unlike typical volume indicators, it provides an accurate reading of the volumes consumed during each candle period. While it doesn’t generate direct trade entry or exit signals, it helps predict upcoming market trends and provides insights into the bullish or bearish force driving prices. Technical traders often match the indicator’s volume bars with recent price actions to determine precise buy-sell positions.

Here’s how to use the Aliev FX Volumes indicator in MT4:

1. Installation:
   • Download the Aliev FX Volumes indicator files.
   • Open your MetaTrader 4 platform.
   • Go to File > Open Data Folder.
   • Navigate to the MQL4 folder and then to the Indicators folder.
   • Copy the Aliev FX Volumes files (.ex4 and .mq4) into the Indicators folder.
   • Restart MetaTrader 4.
2. Applying the Indicator:
   • Open a chart for the desired currency pair (e.g., EURUSD).
   • Attach the Aliev FX Volumes indicator to the chart by dragging it from the Navigator window to the chart.
   • Configure the indicator settings according to your preferences.
3. Interpreting the Indicator:
   • Aliev FX Volumes uses blue and red color bars to show positive and negative volume signals.
   • Light blue bars indicate an equal balance between supply and demand.
   • Gradually increasing or decreasing patterns of positive/negative volume bars can anticipate potential price swing levels.
   • For example, if the price rejects a support level while the volume bar turns blue and starts increasing, it may indicate a bullish trend.
   • Conversely, rising red volume bars alongside bearish reversal patterns could signal a short opportunity.
4. Additional Considerations:
   • The indicator doesn’t directly signal buy/sell levels, so use it alongside support/resistance tools for precise trade entry and exit points.
   • Aliev FX Volumes suits various trading styles, including trend-following and swing trading.
   • It works on multiple timeframes (MTF) and fits both day and intraday trading.