Future Volume - indicator for binary options trading
Future Volume is an indicator intended mainly for binary options trading. The indicator is able to predict further price movement based on the total volume of candles. Future Volume does not repaint and does not lag behind.
Characteristics of the Future Volume
- Platform: Metatrader4
- Asset: Any currency pair, indices and stocks
- Trading Time: Around the clock
- Timeframe: M1, M5 and M15
- Expiry: 3 candle (180 sec for M1, 15 min for M5, 45 min for M15)
- Recommended broker: IQOption, Pocket Option
Future Volume shows oversold and overbought levels with vertical blue/red lines. The signal appears at the beginning of the current candle and does not disappear. Thus, the position can be opened immediately (but still it would be better to choose the moment of opening a position and expiration based on testing on historical data or on a demo account. This is a must!).
CALL - blue vertical line with a blue arrow.
PUT - red vertical line with a red arrow.
The indicator has 4 filters. And the author of the indicator recommends applying the following settings for each of them depending on the state of the market:
Volume index and Filter 1 are giving signals for choppy (sideways) market. Filter 2 and Filter 3 are giving signals for trend markets. Filter 4 is a filter of trend markets.
Thus, we should set the following settings for:
- For a trend market, set Volume index = 0, Filter1 = 0 and leave the other default values. For example: (0; 0; 5; 3; 30)
- For sideways market, set Filter2 = 0, Filter3 = 0, Filter4 = 0 and leave the other default values. For example: (3; 2; 0; 0; 0)
- Universal settings that are suitable for both markets (set by default) can be: (3; 3; 3; 5; 30)
Despite the recommendations of the author, I still strongly recommend that you independently select the settings based on the test results
Additionally, Future Volume indicator is equipped with push notifications and alerts by email and on your mobile device.
In the archives Future_Volume.rar:
- Future Volume.ex4
- Future Volume template.tpl
