Forex Better Volume OnOff MT4 Indicator

Forex Better Volume OnOff MT4 Indicator:

About the Forex Better Volume OnOff MT4 Indicator

The Better Volume On-Off allows you to focus on the price and at the same time to control the nature of volume movements

The Better Volume OnOff has the possibility to open/close the subwindow with a botton or using the key of the keyboard. It is possibile to customize 3 symbols and assign at these symbols different parameters for each time frame or use the same parameters for all instriments.

The indicator improves the comprehension on volume by coloring the classical histogram bars:

CLIMAX UP – high volume, high range, up bars – White
CLIMAX DOWN – high volume, high range, down bars – Red
LOW VOLUME – can be seen at the similar places to the low churn bar – Yellow
HIGH CHURN – high volume, low range bars – Lime
CLIMAX CHURN – Volume Climax plus High Volume Churn – Magenta
NEUTRAL – no volume signals – Cyan
Moving Average of volume – Red

Input
You can set up the lookBack periods over which the indicator is calculated
It is possible to choose the MA periods for calculating the volume moving average
You can setup custom parameters for 3 symbols or shut them down all or singularly
It is possible to shut down the button and setup your favorite keys to on-off the indicator. The default keys are: numpad 1 ON – numpad 2 OFF
It is possible to customize the button: the position on the screen, the size, the colors and the label
Alerts:
It’s possible set up alerts on colors
in the metatrader terminal with sound and graphical interface or only with sound
sending email. You have to fill Email in metatrader platform: ‘Tools-Options-Email’ tab”

Test results:

Forex Better Volume OnOff MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

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

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