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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PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
T.M.M Channel System is a forex trading system which provides signals for BUY and SELL with the Trend using special trend filter price channel indicator. This indicator is easy to adapt to any market using only two parameters. This channel indicator does not repaint! The channel indicator is recommended for trading on H4 charts but can be used with any time frame though. After purchase you will download the channel indicator. The arrow indicator will be provided to you for free after purchase. Y
AW Trend Predictor
AW Trading Software Limited
4.62 (34)
The combination of trend and breakdown levels in one system. An advanced indicator algorithm filters market noise, determines the trend, entry points, as well as possible exit levels. Indicator signals are recorded in a statistical module, which allows you to select the most suitable tools, showing the effectiveness of the signal history. The indicator calculates Take Profit and Stop Loss marks. Manual and instruction -> Here / MT5 version -> Here How to trade with the indicator:  Trading with T
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