This is Better Volume Indicator for MT4, old stuff that has been updated to the latest MT4 build. This indicator improves on your typical volume histogram by categorized the bar’s volume based on the following criteria:
- Volume Climax Up high volume, high range, up bars
- Volume Climax Down high volume, high range, down bars
- High Volume Churn: high volume, low range bars
- Climax Churn: both the above conditions (High Volume Churn and Volume Climax Up or Down or Volume Climax Down)
- Low Volume: low volume bars
- Greater Than Prev 2 Bars: when there are no volume signals(1-5) and volume is greater than the previous 2 bars volume
- Less Than Prev 2 Bars: when there are no volume signals(1-5) and volume is less than the previous 2 bars volume
- Neutral Volume: when there are no volume signals(1-7)
This Better Volume indicator can send you popup alert, email alert, and push alert/notification when volume climax, high volume churn, and climax churn occurred. You only to turn it on from indicator inputs.
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