💡 Tick Volume Oscillator for MetaTrader 4/5 – Free – [TFlab]

The video presents a detailed tutorial and guide on the Tick Volume Oscillator indicator available for MetaTrader 4 and MetaTrader 5 platforms, downloadable from the Trading Finder website.

Key Technological Concepts and Features:

• Purpose: The Tick Volume Oscillator helps traders identify bullish and bearish market trends and signals potential trend reversals for buy or sell trades.
• Visuals: The oscillator appears in a separate window below the price chart.
  • When above zero and green, it signals a bullish trend.
  • When below zero and red, it signals a bearish trend.
• Trend Examples: The video shows how trend shifts on the price chart correspond with color and position changes in the oscillator line, providing actionable trade signals.

Indicator Settings and Customization:

• Volume Type:
  • Tick Volume (default for Forex)
  • Real Volume (available for symbols where real volume data is accessible)
• Display Type:
  • Line (default)
  • Histogram (optional)
• Moving Average Methods: The oscillator’s calculations can be based on various moving averages, each with distinct smoothing and responsiveness characteristics:
  • SMA (Simple Moving Average)
  • EMA (Exponential Moving Average)
  • SMMA (Smooth Moving Average)
  • LWMA (Linear Weighted Moving Average)
  • JGMA (Modified moving average for transition smoothing)
  • Girks (Complex algorithm with strong smoothing and low lag)
  • Parma (Parabolic moving average)
  • T3 (Multi-stage smoothing with reduced false signals)
  • Vidia (Dynamic moving average adapting to market volatility)
  • AMA (Adaptive moving average sensitive to trends and volatility)
• Smoothing Stages: Three stages of smoothing can be adjusted individually by setting the number of candles considered.
• Additional Averaging Models: JJMA, Vidia, and AMA models with adjustable periods.
• Shift Parameter: Allows shifting the oscillator line forward or backward on the chart by a set number of candles.

Demonstration:

• The tutorial shows switching the display to histogram mode, selecting EMA with a period of 10, and shifting the oscillator 10 candles to the right, illustrating how these settings affect the indicator’s appearance and signals.

Summary:

• The video is a comprehensive guide on installing, configuring, and interpreting the Tick Volume Oscillator for MT4/MT5.
• It explains the indicator’s functionality, customization options, and practical use cases for trend identification and trade entry signals.
• Viewers are encouraged to share feedback and suggestions.

Main Speaker/Source:

• The tutorial appears to be presented by a representative or developer from TFlab or the Trading Finder website, the source offering the indicator.