Technical Indicators for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
Professional Tick Volume Indicator with Strength & Absorption Detection
Enhance your trading strategy with the TickVolumeMedian indicator for MetaTrader 4, designed to analyze tick volume dynamics with precision. This advanced tool helps identify strong buying/selling pressure, absorption patterns, and volume-based market structure shifts.
? Key Features:
✅ Visual Strength Detection – Distinguishes between strong and absorbed moves using histogram colors.
✅ Smart Volume Classification – Separates:
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Strong Bullish/Bearish (thick bars)
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Absorbed Bullish/Bearish (thin bars)
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Neutral Ticks (white bars)
✅ Volume Median Line – Dynamic reference level showing the median volume over a customizable period ( CDIRange ).
✅ Customizable Threshold – Adjustable threshold parameter to fine-tune sensitivity.
✅ Clear Market Context – Helps spot fake breakouts, exhaustion moves, and real momentum.
? How It Works:
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Blue (DeepSkyBlue) = Strong buying pressure (no upper wick dominance).
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Light Blue (Thin) = Absorbed buying (large upper wick suggesting rejection).
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Red (OrangeRed) = Strong selling pressure (no lower wick dominance).
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Light Red (Thin) = Absorbed selling (large lower wick suggesting exhaustion).
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White = Neutral volume (indecision).
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Yellow Line = Median volume level (helps gauge unusual volume spikes).
? Ideal For:
✔ Day Traders & Scalpers – Spot high-probability entries with volume confirmation.
✔ Swing Traders – Filter false breakouts using absorption signals.
✔ Volume Profile Traders – Enhance volume-based strategies.
