Free Forex Indicators (MT4), Trend Following Indicators

Volume RV MTF Indicator

Volume RV TF Indicator is a trend-following forex trading indicator that is able to monitor the market trends very closely and continuously looks for possible trade opportunities within the trend directions. This indicator offers great simplicity of its use and an easy way of mastering it by newbie traders.

Volume RV MTF Indicator is applicable to trade all kinds of forex currency pairs around the financial markets. Furthermore, this indicator suits well with all sorts of timeframe charts within the MT4 trading platforms.

Volume RV MTF Indicator Overview

After the installation of the Indicator at the MT4 terminal, your trading chart will appear like the following image:

Volume RV MTF Indicator Overview

Volume RV MTF Indicator: Explanation

Volume RV MTF Indicator Explanation

Volume RV MTF Indicator uses a separate oscillator window for plotting the trend signals. It also uses signal arrows at the main chart window for confirming the trade signals. Volume RV MTF bars turn positive along with upward arrow below the price bar is considered as the buy signal with the confirmation of the bullish trend. For sell entries, Volume RV MTF bars should be turned as negative and the signal arrow should be above the price bars at the same time. Both signals arrows and Volume bar signals should be matched before confirming any market entry.

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Volume RV MTF Indicator

Buy Conditions

Volume RV MTF Buy Conditions
  • The Indicator bars turn positive
  • Signal Arrow appears below the price bars
  • Buy triggers when the above conditions are met
  • Set stop loss below the Signal Arrow
  • Exit long/take profit whenever a downward signal arrow appears above the price bar

Sell Conditions

Volume RV MTF Sell Conditions
  • The Indicator bars turn negative
  • Signal Arrow appears above the price bars
  • Sell triggers when the above conditions are met
  • Set stop loss above the Signal Arrow
  • Exit short/take profit whenever an upward signal arrow appears below the price bar

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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