Volume Suite
- Indicators
- Version: 1.0
- Activations: 5
FoxWave Volume Suite combines three essential volume-based tools into a single indicator: a horizontal Volume Profile with Point of Control and Value Area, a real-time volume spike detector with instant alerts, and a buy/sell pressure delta gauge. No need to run three separate indicators — everything you need to read volume is in one clean Fox Wave panel.
What it does
► Volume Profile (POC / VAH / VAL) Builds a horizontal histogram showing how much volume traded at each price level over your chosen lookback period. The indicator automatically identifies:
- POC (Point of Control) — the price level with the highest traded volume, marked with a dashed line across the chart
- VAH (Value Area High) and VAL (Value Area Low) — the boundaries of the price range containing your configured Value Area percentage (70% by default), marked with dotted lines
VAH and VAL lines can be toggled independently from the profile itself, so you can keep a clean chart with just the key levels if you prefer. Profile rows are color-coded: gold for POC, orange for the Value Area, blue for the rest — so the highest-volume zones stand out immediately.
► Volume Spike Detector Continuously compares current bar volume against a rolling average. When volume exceeds your configured multiplier (default 2.5x the average), the indicator marks the bar with an arrow directly on the chart and fires an alert — letting you catch unusual activity the moment it happens, not after the fact.
► Buy/Sell Pressure Delta Estimates buying versus selling pressure using each bar's close position within its range, weighted by volume — a widely used proxy for order flow direction on retail data feeds. Displayed as a live percentage split with a visual bar in the panel, giving you a quick read on which side is currently in control.
Note on Delta: MetaTrader 5 retail price feeds provide tick volume, not true bid/ask executed volume. This delta is calculated using a standard close-position-weighted-by-volume method as an approximation of order flow pressure — it is not Level 2 / true tape data. It works as a directional pressure gauge, not as exact buy/sell volume.
► Instant Spike Alerts The moment a volume spike is detected, get notified through:
- 🔔 Popup — on-screen alert window
- 📱 Push notification — straight to your MetaTrader mobile app
- 📧 Email — sent to your registered MT5 address
"Alert only once" mode prevents repeated notifications for the same spike bar.
► Fox Wave Info Panel A single compact panel shows everything at a glance: current POC/VAH/VAL prices, current spike status with volume ratio, and the live buy/sell pressure split with a visual bar.
Key Features
- Three tools in one indicator: Volume Profile, Spike Detector, Delta
- Configurable Value Area percentage (standard 70%, adjustable)
- Independent toggle for VAH/VAL lines vs. the profile itself
- Adjustable profile resolution (number of price rows)
- Configurable spike sensitivity (average period + multiplier)
- Visual spike arrows directly on the chart, color-coded by direction
- Triple alert system: popup + push + email, each switchable independently
- Smart alert reset — one alert per spike bar, no spam
- Full color customization for every element
- Consistent Fox Wave dark panel design
Inputs Reference
Volume Profile
| Parameter | Default | Description |
|---|---|---|
| ShowVolumeProfile | true | Enable the volume profile |
| ProfileBars | 200 | Number of bars used to build the profile |
| ProfileRows | 30 | Number of price rows (resolution) |
| ValueAreaPercent | 70.0 | Value Area percentage |
| ProfileWidth | 90 | Maximum profile bar width (pixels) |
| ShowVAHVALLines | true | Show VAH/VAL horizontal lines independently |
Volume Spike Detector
| Parameter | Default | Description |
|---|---|---|
| ShowSpikeAlerts | true | Enable spike detection and alerts |
| SpikeAvgPeriod | 20 | Bars used for the average volume baseline |
| SpikeMultiplier | 2.5 | Spike threshold (volume > average × multiplier) |
| MarkSpikesOnChart | true | Draw arrows on spike bars |
Delta (Buy/Sell Pressure)
| Parameter | Default | Description |
|---|---|---|
| ShowDelta | true | Show the delta pressure panel |
| DeltaLookback | 20 | Bars used to calculate pressure percentage |
Alerts
| Parameter | Default | Description |
|---|---|---|
| AlertPopup | true | On-screen popup alert |
| AlertPush | true | Push notification to mobile app |
| AlertEmail | false | Email alert |
| AlertOnlyOnce | true | One alert per spike bar |
Colors Full color customization for profile rows, POC, Value Area, spike markers, and buy/sell delta indicators.
Panel Position
| Parameter | Default | Description |
|---|---|---|
| PanelX | 15 | Horizontal offset from chart edge |
| PanelY | 25 | Vertical offset from chart edge |
How to set up push notifications
- Open MetaTrader 5 on your mobile device
- Go to Settings → Messages and copy your MetaQuotes ID
- In MT5 desktop: Tools → Options → Notifications
- Paste your MetaQuotes ID and enable notifications
- Set AlertPush = true in the indicator inputs
Who is it for?
- Volume-based traders who want POC, Value Area and spike detection without juggling multiple indicators
- Scalpers who need to catch unusual volume activity the instant it happens
- Traders who track order-flow pressure but don't have access to Level 2 data
- Anyone who wants a single, clean volume toolkit instead of a cluttered chart full of separate indicators
Compatibility
- Platform: MetaTrader 5
- Works on all symbols: Forex pairs, indices, commodities, crypto, metals
- Works on any chart timeframe
- No DLL imports required
- Delta calculation uses tick volume (standard for retail Forex feeds); for symbols with true exchange volume (e.g. futures, some crypto pairs), accuracy is correspondingly higher
