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.
- Height adjustable Volume bars
- Width adjustable Volume bars
- Custom Volume coloured bars
- Adjustable on chart Volume readings