Vertex Mod Indicator
Forex volume analysis from the best Vertex Mod Indicator for MT5. Identify the trend’s strength through volume analysis.
Description
The Vertex Mod indicator is a simple MT5 indicator that shows trend momentum through volume.
The indicator is at zero level and displays red and green bars indicating buying or selling volume above or below 0. Green bars represent selling volume and red bars representing buying volume.
By looking at the volume, you can determine the strength of the trend and open positions accordingly.
The Vertex Mod indicator works on any timeframe, but it is better to put it on longer timeframes to reduce the number of false signals.
How to use the Vertex Mod Indicator for MT5?
The below H1 GBP/USD chart shows the Vertex Mod indicator.
The indicator does not give signals for BUY and SELL; rather, it speaks volume. When blue bars appear, it means there is selling pressure and the overall trend is down.
Conversely, when red bars appear, it means that there is buying volume and the overall trend is up.
One thing to note here is that the bigger the bars, the stronger the trend will be. Also, when the indicator rises or falls well above the 0 level, there is strong volume.
Conclusion
The Vertex Mod indicator reports market volume by drawing blue and red bars. By finding the bars and rules mentioned above, it can be a good secondary indicator for your strategies.
If you wish, you can download the indicator for free on our website.