High Volume Turns Indicator
Learn to predict extensive price movements backed by high volume turns. Suits forex & stock trading strategy. Best MT4 indicator for intraday buy-sell signals.
Read through this comprehensive trading guide explaining how to anticipate trade signal using the indicator in MT4.
How to identify potential buy-sell signals using the High Volume Turns MT4 indicator
The High Volume Turns indicator guides traders through S/R levels, price swing positions, and potential buy-sell positions. The blue dots above and below the price candles show possible swinging highs and lows of the market. The arrow signal confirms a trend reversal position. We’ll only pick a buy/sell opportunity when the price rebounds or breakouts form the dynamic S/R levels.
In the above USD/CAD H4 chart, We spotted a sell signal when the price breaks below the support line. The swing-high dot and arrow signal confirmed the short entry. While considering a buy entry wait until the price exceeds the resistance line and the indicator plots a blue arrow signal alert.
Conclusion
The High Volume Turns is the best indicator for monitoring price and volume spikes in MT4. It provides with useful price information regarding support-resistance, possible price retracement zones, and potential breakouts. Also, you can use its trend reversal signals for determining counter-trend trading opportunities. In short, the indicator represents a complete trading strategy for forex and stock traders.