Forex SB Volume Average Indicator
Forex SB Volume Average Indicator is an indicator for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is volume. It has 15 settings, for example Swing Bars Calculation (default 26), Multiplication Depth Bars (default 5) and Tuning Scan Bars (default 7). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Forex SB Volume Average Indicator
Forex SB Volume Average Indicator is an indicator for MetaTrader 4. It has 15 settings, such as Swing bars calculation, Multiplication depth bars and Tuning scan bars. MQL source code included.
Files in the download: installation manual.txt, sbvolumeavg.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Swing bars calculation | 26 | Count of bars for calculation Highest/Lowest price |
| Multiplication depth bars | 5 | How much the lot size grows after a loss |
| Tuning scan bars | 7 | |
| Tuning step | 12 | Distance between orders |
| Digits after decimal point | 2 | |
| Trend line downto up color | clrBlue | Colour on the chart |
| Trend line upto down color | clrRed | Colour on the chart |
| Vertical line color | clrGold | Colour on the chart |
| Text color | clrSnow | Colour on the chart |
| Line style | STYLE_SOLID | |
| Text position | ANCHOR_RIGHT | |
| Text font size | 8 | |
| Text font name | Arial Black | "Courier" //"Calibri" //"Cambria" //"Bodoni MT Black" |
| Line width size | 1 | |
| Top bottom dot size | 15 |
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 · MT4 Indicator · MQL4 Source Code