Volume Divergence Makers is a custom built Metatrader 4 indicator that works with volume and price divergences.
The indicator analyzes price action and draws a blue colored dot on the chart whenever it identifies volume divergence.
In essence, the indicator will help you in taking informed buy/sell trading decisions.
The indicator performs the best when combined with other technical indicators or with a price action based Forex strategy.
Feel free to experiment with the indicator’s default input values.
Free Download
Download the “Volume_Divergence_Markers.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The picture below shows the Volume Divergence Makers mt4 indicator attached to the EUR/USD M5 chart.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (marker display mode), color settings & style
Indicator type: Volume + divergence
Download Now
Download the “Volume_Divergence_Markers.mq4” indicator for Metatrader 4
