The Volume MA indicator is an MT4 indicator that uses moving averages to indicate the direction of a trend. In this indicator, averages are used as a type of MA. The indicator displays red and green bars as well as signal lines. The signal lines function in exactly the same way as the SMAs. Red bars indicate a bearish trend and green bars indicate an uptrend.
Volume MA Indicator Buy/Sell Signals
Traders need to find the red and green bars, as well as the SMA lines, in order to determine the direction of the trend. The indicator plots bars at the bottom of the chart to indicate bullish and bearish trends.
If a red bar appears, it indicates a bearish trend and the trader can go short. A green bar indicates a bullish trend and the trader can go long.
This indicator can also detect market reversals. When the colour of the indicator changes, traders can exit long and short positions. Traders can also combine the Volume MA indicator with other indicators such as the RSI and other indicators.
Conclusion
The Volume MA indicator plots red and green bars together with averages to show the direction of the trend. You can also download the indicator for free from our website.
