Volume Flow Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the Volume Flow Indicator

The Volume Flow indicator was first introduced by Markos Katsanos. It is based on the popular On Balance Volume (OBV) indicator.

A simplified trading rules with the Volume Flow Indicator are:

Indicator above the Zero line indicate a strong bullish state.
Indicator below Zero line indicate a strong bearish state.
A reliable trade signal is said to be the crossing of the Zero line which is a major signal for a BUY or SELL signal.
The strongest signal with all money flow indicators is of course divergence so keep an eye out for it.
Markos Katsanos himself suggests using a “0.2” coefficient for day trading and “0.1” for intra-day.

You will find more information on VFI in the pdf file attached.

The indicator is displayed in a separate window placed just below the main trading chart.

It fits all kinds of timeframes and currency pairs.

The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the Volume Flow indicator in MT4?

Installation Guide

Copy and paste the volume flow indicator mtf 2.1.ex4 or volume flow indicator mtf 2.1.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, that goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Volume Flow indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.