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Volume Indicators for MT4

Jimmy, Wed Feb 15, 2017 9:04 pm

Volume Indicators for Metatrader 4

Volume Indicators Metatrader 4.png
Example: Volume shown on a ProRealTime Chart

Let's start by noting that when using MetaTrader:

  • MT4 uses Tick Volume
  • MT5 uses "Real" Volume

Studies have always shown that there's a strong correlation between "real" volume and tick volume, so do not be dissuaded by MT4's tick volume as it very closely follows "real" volume in MT5.

I'd like to share a Volume indicator which sees certain improvements over the standard MT4 Volume display.

This version has been made by our very own Mladen which, unlike most modified MT4 "Volume" indicators, opens on your main chart window and not in a sub-window.

Features:

  • Height adjustable Volume bars
  • Width adjustable Volume bars
  • Custom Volume coloured bars
  • Adjustable on chart Volume readings
Volume_(on_chart).ex4
(15.31 KiB) Downloaded 2947 times
Volume (on chart).mq4
(7.96 KiB) Downloaded 3707 times
On Chart Volume indicator MT4.jpg
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