All Volume Average Indicator

All Volume Average is a simple indicator for analyzing volumes. All Volume Average is an extremely simple indicator for forex that is used for studying volume.

When you include it in your chart using Metatrader 4, the indicator shows a volume histogram in different colors and two different moving averages (MA Volume).

The light green bars on the volume histogram appear as the price increases and decreases, while the high MA volume is greater than the slower MA volume.

Bars with bright green colors are displayed as the price increases and the rapid MA volume exceeds the slower MA volume.

The yellow bars are shown when prices fall and when the MA volume is lower than the low MA volume.

The bright, red bar is shown when the price drops and when fast MA volume is higher than slow MA volume.

How can you make use of the indicator to trade?

It is important to note that the All Volum Average indicator doesn’t provide simple sell and buy signals that include arrows; new forex traders would prefer it to.

This tool is an aid for traders who employ volume analysis, which is a huge part of technical analysis.

To grasp the use of volumes, it is necessary to study at least a couple of books written by authors such as Tom Williams, Anna Couling, David Weiss, and James Dalton. The pioneer of volume analysis is thought by many to be Richard Wyckoff, a legendary trader from the 20th century’s early years.

Conclusion

The All-Volume Average indicator for Metatrader 4 provides more convenience for a job as complicated as volume analysis.

Benefits of the indicator

• Non-repaint.
• It also provides
• Simple setting.
• It can be used for intraday trading as well as the opening of investment accounts on monthly, weekly, or daily charts.
• It’s applicable to all markets: stocks, forex, and many more.

The disadvantages of the indicator

• It doesn’t provide signals to buy or sell. It is merely a tool to analyze the amount of volume, and to do it, you need to invest a lot of time into the theory and then practice.

To utilize the All Volume Average Indicator for MT4, read these books about Volume Analysis. This method is in close relation to the concepts of supply and demand as well as the analysis of the decisions of the key players.