545# Force-Volume-Divergence" indicator
Scalping and intraday indicator for trading
Submit by FXD 03/10/2016
"Force-Volume-Divergence" indicator is a trend-momentum indicator programmed for Metatrader 4 plataform.
Force-Volume-Divergence Indicator is based on 3 main significatives, that professional traders always use in trading systems.
1) Market force. It is a very important aspect of technical analysis, to identify the forces that appears at the begginning of new trend. If new trend has big force index in many cases we take a very good profit. And when new trend shows low force index, the comming trend always weak and opened trade always get loosing.That is why it is so important to be able to identify trend force before you place an
2)Volume index helps to determine the strength and sustainability of the trend of market. Up(Bull) trend is considered to be strong and stable, if the volume index increases and price moves up. When the price starts to decrease, and the volume is reduced, it always mean that the upward trend is in the end phase. The price still may rise slightly, but as soon as the Bear traders take sell control, the price will get down. And this you can also predict using volume index.
3)As you know, a lot of professional traders often use different divergence indicators to make a decision whether to open a trade or not. Divergence is an early indication of how the market will behave in the near future. Before a market price starts reverse movement, it usually reaches last peak, and divergence index shows us, that price does not have power to continue its movement in the same
Custom Force-Volume-Divergence Indicator is a combination of this main indexes and it shows us the best price level to enter in a trade, because it is the main aim of this indicator. It gives us a lot of profitable entrance levels. It does not repaint and late. When signal comes indicator show you buy/sell arrows.
In the pictures Force-Volume-Divergence" indicator in action.