Forex Volumes Emphasized Trading Strategy
Forex Volumes Emphasized Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses RSI and the Stochastic oscillator. It draws arrows on the chart. It has 32 settings, for example Volume Period (default 10), Numbers shrink bars in display (default 2=1/2, 3=1/3, 4=1/4, 5=1) and Enter Shrink Number (default 1.25). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 6 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 Forex Volumes Emphasized Trading Strategy
Forex Volumes Emphasized Trading Strategy is an indicator for MetaTrader 4 based on RSI and Stochastic. It draws buy and sell arrows on the chart. It has 32 settings, such as Volume period, Numbers shrink bars in display and Enter shrink number. MQL source code included.
Files in the download: !Volumes Emphasized-1.ex4, !Volumes Emphasized-1.mq4, installation manual.txt, STO JMA.ex4, STO JMA.mq4, stoch+rsi_v2.ex4, stoch+rsi_v2.mq4, Volumes Emphasized.tpl.
Settings
| Setting | Default | What it does |
|---|---|---|
| Volume period | 10 | Period or timeframe used by the calculation |
| Numbers shrink bars in display | 2=1/2, 3=1/3, 4=1/4, 5=1/5, etc | |
| Enter shrink number | 1.25 | |
| Need 2 numbers dividing range | 0-100 into 3 parts (33&66, 25&50 etc) | |
| Enter number 1 | 38.2 | |
| Enter number 2 | 61.8 | |
| Display volume percentages text | true | |
| Below average text color 0 | Red | Colour on the chart |
| Above average text color 1 | Gold | Colour on the chart |
| Above average text color 2 | LimeGreen | Colour on the chart |
| Above average text color 3 | CornflowerBlue | Colour on the chart |
| Above average text color 4 | MediumOrchid | Colour on the chart |
| Text in window 0123 | 1 | |
| Text in corner 0123 | 3 | |
| Text horizontal indent | 5 | |
| Text vertical indent | 4 | |
| Sto k period | 14 | Period or timeframe used by the calculation |
| Sto d period | 3 | Period or timeframe used by the calculation |
| Sto slowing | 3 | |
| Sto ma method | 0 | |
| Sto price field | 1 | |
| Sto price field | 0=Hi/Low 1=Close/Close | |
| Sto ma method | SMA0 EMA1 SMMA2 LWMA3 | |
| Jma len | 8 | |
| Jm aphase | 0 | |
| Bar count | 900 | |
| Stoch per 0 | 2 | |
| Stoch per 1 | 3 | |
| Stoch per 2 | 4 | |
| Stoch per 3 | 5 | |
| Stoch per 4 | 5 | |
| Rsi per 0 | 5 |
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 · RSI · Stochastic · MT4 Indicator · MQL4 Source Code