Sc MTF Volume MT5

What is Volume?

Volume is one of the most fundamental indicators in technical analysis. It represents the total number of contracts, shares, or lots traded during a given bar or time period. In MetaTrader, tick volume is used by default — counting the number of price ticks within each bar — which closely correlates with real traded volume in most markets.

Volume does not indicate price direction — it measures market activity and participation. Rising volume confirms the strength of a price move, while low volume may indicate a weak or unsustainable trend. Traders use volume to validate breakouts (high volume breakouts are more reliable), identify trend exhaustion (divergence between price and volume), and detect accumulation or distribution phases. A spike in volume often precedes or accompanies significant price movements.

Features:

• Visual signal markers with arrows and vertical lines
• Three independent signal buffers with configurable triggers
• Signal detection options: direction change, peak/valley
• Configurable alert functions for each signal (email, push, sound, popup)
• Multi-timeframe (MTF) capability with interpolation methods
• Histogram or line drawing mode
• Multiple color modes (simple, direction-based)
• Custom indicator call (iCustom) buffer access for Expert Advisor (EA) integration

Input Parameters:

• Basic Settings:
  • Volume bar shift: Offset the drawing by specified number of bars.
  • Volume timeframe: Choose timeframe for MTF display.
  • MTF Interpolation mode: Select smoothing method (Off, Linear, Smooth, Weighted, Simple Moving Average).
• Signal Settings:
  • Signal 1/2/3 trigger: Configure detection type (direction change, peak/valley).
  • Visual markers: Enable arrows and vertical lines with customizable size, style, and position.
  • Arrow customization: Set Wingdings codes and colors for up/down signals.
• Alert Settings:
  • Alert timing: Choose when alerts trigger (Off, After close, Before close, Both).
  • Alert interval limit: Set minimum minutes between repeated alerts.
  • Time range filter: Restrict alerts to specific hours.
  • Delivery methods: Enable email, push, popup, and sound notifications.
• Color and Style Settings:
  • Color mode: Select from multiple modes (simple, direction-based).
  • Histogram mode: Switch between line and histogram display.
  • Line appearance: Customize colors (4 per line), style, and width.