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Better Volumes


The indicator of tick volumes Better Volumes allows you to assess the general mood of the market and quite accurately catch the moments of the formation of large movements. The indicator is a color histogram in an additional window. In the calculation of Better Volumes the Price Action combinations are taken into account, the values of the volumes with the height of columns and color marking are displayed.

Input parameters:

Display_Bars - the number of displayed bars (at 0, all are displayed);

MAPeriod - period for calculating the moving average for volume;

LookBack - period for which the correct and relative volume is searched;

Alert_color = true / false enable or disable notifications about the appearance of a candle of a given color;

Send_mail = true/false  enable or disable notifications about the appearance of a candle of a given color by email.

(https://youtu.be/lSomE8aFa2Q?t=89 how to connect email to MT4) 

Description of colors:

Red - Bull correct volume for period LookBack (Close>(High+Low)/2);

DeepSkyBlue - Normal tick valume;

Yellow - Minimus volume for period LookBack;

Lime - Maximum relative volume for period LookBack;

White - Bear correct volume for period LookBack (Close<(High+Low)/2);

Magenta - Maximum relative and correct volume for period LookBack;

Maroon - Moving average Volume (MAPeriod).
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Versión 1.6 2020.11.19
Added email notification.
Versión 1.5 2020.11.18
Added alerts when the selected candle color appears. The candlestick color number corresponds to the order of the indicator colors in the color tab.