Better Volume 1.4
Better Volume 1.4 — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is volume. Its source code uses volume. It draws arrows on the chart, can send alerts and shows an on-chart panel. It has 15 settings, for example Number Of Bars (default 500), Note (default 0 means Display all bars) and MAPeriod (default 100). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 4 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Better Volume 1.4
Better Volume 1.4 is an indicator for MetaTrader 4 based on Volume. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and shows several symbols in one panel. It has 15 settings, such as Number of bars, Note and Ma period. MQL source code included.
It also is set up for gold (XAUUSD).
Files in the download: Better Volume 1.4\FXProSystems - best Trading Systems and Indicators.url, Better Volume 1.4\MQL4\Indicators\bettervolume1.4.ex4, Better Volume 1.4\MQL4\Indicators\bettervolume1.4.mq4, Better Volume 1.4\MQL4\Indicators\volume_arrow.ex4, Better Volume 1.4\MQL4\Indicators\volume_arrow.mq4, Better Volume 1.4\templates\#Better Volume 1.4 + Volume Arrow.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Number of bars | 500 | |
| Note | 0 means Display all bars | |
| Ma period | 100 | Period or timeframe used by the calculation |
| Look back | 20 | |
| Use alert | false | Use Alert |
| Show stats | true | Show Stat Info |
| Font color symbol | Red | Set Color Symbol |
| Font color price | Blue | Set Color Price |
| Font color spread | Black | Set Color Spread |
| Font color time | Blue | Set Color Time |
| Font color stats | Black | Set Color Statistic |
| Font size | 14 | Font Size |
| Font face | Pirulen | Font Type |
| Corner | 1 | What Main Corner? |
| Corner ts | 3 | What Corner of Time and Spread |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Volume · Buy/Sell Arrows · Alerts · Dashboards & Scanners · Gold (XAUUSD) · MT4 Indicator · MQL4 Source Code