Better Volume 1.5 Indicator MT4

rading volumes are essential in financial markets, as they reveal trader sentiment and help forecast market behavior. The Better Volume 1.5 Indicator for MT4 is designed to help traders analyze market activity, identify trading opportunities, and avoid risky periods of uncertain volume.

What Is the Better Volume 1.5 Indicator?

The Better Volume 1.5 Indicator displays a histogram of trading volumes, distinguishing between information volumes and trading volumes. Since actual lot sizes cannot be calculated in forex, the indicator uses tick volumes, representing the number of price changes within a given timeframe. This allows traders to understand market participant activity and make informed trading decisions.

Key Features of Better Volume 1.5

• Advanced filtering: Unlike the default MT4 Volume indicator, Better Volume 1.5 categorizes tick volumes into colored groups for easier interpretation.
• Moving Average Overlay: A moving average is plotted on the volume histogram, providing additional trade signals when it crosses volume bars.
• Color-coded volume types:

Information Volumes:

• Blue: Standard trading volume.
• Yellow: Low volume; market is uncertain—avoid trading.
• Green: High interest from traders; wait before taking a position.

Trading Volumes:

• Red: Increased buying activity—potential Buy signal.
• White: Increased selling activity—potential Sell signal.

Buy and Sell Strategies

Trading signals from Better Volume 1.5 should always be weighed against the overall trend and market sentiment:

• Buy: Look for increased buying volumes (Red) and confirm with the main trend. Place Stop Loss below the trend line.
• Sell: Look for increased selling volumes (White) and confirm with the main trend. Place Stop Loss above the trend line.

The indicator works best in combination with trend analysis, Support And Resistance levels, and other forex tools to improve trade accuracy.

Benefits and Considerations

• Helps identify high-probability Buy and Sell opportunities.
• Differentiates between information and trading volumes.
• Provides visual clarity through color-coded signals.
• Minor learning curve due to multiple colors but offset by its utility and ease of use.

Conclusion

The Better Volume 1.5 Indicator is a powerful tool for forex traders who want to incorporate volume analysis into their strategy. By separating information and trading volumes and highlighting key activity levels, it allows traders to make smarter, more profitable decisions.