Sc MTF Volume MT4

Volume indicator with multi-timeframe support, customizable visual signals, and configurable alert system.

Freelance programming services, updates, and other TrueTL products are available on my MQL5 profile.

Feedback and reviews are highly appreciated!

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.
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DMITRII GRIDASOV
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"Dynamic Scalping Oscillator" - is an advanced custom Crypto_Forex indicator - efficient Trading tool for MT4!  - New generation of Oscillators - see pictures to check how to use it. - Dynamic Scalping Oscillator has adaptive Oversold/Overbought zones. - Oscillator is an auxiliary tool to find exact entry points from dynamic OverSold/OverBought areas. - Oversold values: below Green line, Overbought values: over Orange line . - This indicator is great to combine with Price Action patterns as wel
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Andrey Kozak
5 (3)
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Scalping Points Pro is an indicator that shows possible price reversal points on the chart and does not redraw its signals. Also, the indicator sends signals to the trader via Email and Push. The accuracy of the signals of this indicator is approximately 92-94% on the M5 timeframe and more than 95% on the H1 timeframe. Thus, this indicator allows the trader to accurately open trades and predict further price movement. The indicator does not redraw its signals.  The indicator works on timeframe
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Boost your trading precision with the versatile wedges tool The PZ Wedges Indicator is a technical analysis tool that helps traders identify potential continuation patterns in the market. These patterns, known as wedges, are formed when the price of an asset consolidates within a narrowing range, bounded by upward or downward converging trendlines. Wedges are considered to be continuation patterns because they often precede a breakout in the direction of the preceding trend. When a wedge pattern
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