Mean Cumulative Volume Indicator MT4
Introduction: What Is the Mean Cumulative Volume Indicator?
The Mean Cumulative Volume Indicator (MCVI) is a technical analysis tool measuring the total trading volume of a currency pair over a specific period. Unlike simple volume bars, it aggregates volume data cumulatively, highlighting sustained market interest. Traders use it to confirm trends, spot reversals, and filter false signals.
Technical Specifications
Version: 1
Year of issue: 2025
Working pairs: Any
Recommended timeframe: Any
Minimum Deposit: Any
Average of account: 1:30 To 1:1000
Best Brokers List
Mean Cumulative Volume Indicator System works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Mean Cumulative Volume Indicator Settings
How the MCVI Works: The Mechanics
The MCVI calculates:
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Mean Cumulative Volume Sum: Adds each period’s volume to a running total.
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Normalization: Divides this sum by the total number of periods.
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Signal Line: Plots a line where values above 0 signal bullish momentum, and below 0 indicates bearish pressure.
Example from data:
Mean Cumulative Volume 146.00000 18.00000 0.00000
This suggests a net bullish bias (146 > 0), supported by 18 periods of data.
Interpreting Buy/Sell Signals
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BUY Signal: MCVI > 0 (e.g.,
+117065in EURUSD data). -
SELL Signal: MCVI -17209 in EURUSD data).
Real-World Case:
In the provided EURUSD chart:
Advantages of the Mean Cumulative Volume Indicator
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Trend Confirmation:
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Noise Reduction:
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Divergence Detection:
Limitations and Risks
Best Practices for Traders
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Pair with Price Action: Use MCVI to confirm support/resistance breaks.
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Adjust Settings: Shorten the
VolumeMaPeriod(default: 30) for day trading; lengthen for swings. -
Customize Alerts: Set notifications for MCVI crossovers of 0 (e.g., via Telegram bots like
free_fx_pro).
Conclusion: Is the Mean Cumulative Volume Indicator Worth Using?
The Mean Cumulative Volume Indicator shines as a trend-confirmation tool, especially for intraday forex traders. Its ability to quantify volume-driven momentum adds depth to technical strategies. However, its lagging calculations and vulnerability to range-bound markets necessitate cautious use. While not a holy grail, the MCVI—when layered with price analysis and risk management—can sharpen a trader’s edge.
Download Mean Cumulative Volume Indicator
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
