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📌 MACD-like Design, Volume-Based Calculation – The Percentage Volume Oscillator (PVO) for MT4 functions like a classic MACD but uses volume as its primary input. It plots two moving averages and a histogram to signal momentum shifts.
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🔍 How Trading Signals Work –
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✅ Bullish Signal: BLUE MA crosses above MAGENTA, histogram turns GREEN above zero line.
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✅ Bearish Signal: BLUE MA crosses below MAGENTA, histogram turns RED below zero line.
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✅ Entry & Exit Tips: Combine crossover with histogram confirmation. Use recent swing low/high for stop loss and opposite signals for profit booking.
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📈 Best Practices for Traders –
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✅ Beginners: Combine with other technical indicators for confirmation.
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✅ Advanced Traders: Use volume with trend indicators for breakout & reversal strategies.
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⚠ Important Note – Volume alone cannot predict reversals but plays a crucial role near support, resistance, and breakout zones.
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💡 Free to Download – Simple to install and customize on MT4 for effective volume-based trading strategies.
Percentage Volume Oscillator Indicator
- 📊 MACD-style Volume Indicator – Calculates signals using volume-based moving averages and histogram.
- 🔍 Bullish/Bearish Confirmation – Uses MA crossover and histogram color alignment for accuracy.
- 📈 Ideal for All Traders – Works for beginners (confirmation tool) and pros (breakout/reversal strategy).
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