The Hawkeye Volume indicator was developed for Metatrader 4 and displays colored volume bars that might give you an idea about current and past market volatility.
Key Takeaways:
- Green colored bars are bullish.
- Red colored bars are bearish.
- Large bars indicate increased market volatility.
The indicator works for any currency pair and time frame.
Free Download
Download the “hawkeye-volume-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD M15)
The example chart below displays the Hawkeye Volume mt4 indicator in action on the trading chart.
Trading Signals (example):
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Hawkeye Volume indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Volume
Repaint? No.
Download Now
Download the “hawkeye-volume-indicator.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The Buy Sell Volume indicator for the MT4 trading platform can be used as a standalone Forex technical analysis indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
