The best trading Volume Buy/Sell indicator for MT4 is a powerful tool that measures trading volume and provides buy and sell recommendations directly on your chart.
The default placement of the indicator in the upper left corner of the screen showcases a Bulls and Bears power bar, granting you invaluable market insights at a glance.
Understanding its trading capabilities:
- A bull ratio of 75% or higher signifies a moderate to strong uptrend, signaling optimal buying opportunities.
- A bear ratio of 75% or higher indicates a moderate to strong downtrend, suggesting suitable selling opportunities.
It’s advisable to combine this indicator with other technical tools, enabling you to pinpoint the ideal trade entry price level.
Key Features
- Tracks market volume effectively, enhancing your market analysis.
- Provides buy and sell suggestions based on market volume.
- Easy to use, even for beginners.
- A valuable addition to your collection of trading indicators.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Free Download
Download the “trading-volume-indicator.ex4” MT4 indicator
Indicator Example Chart
The chart presented below illustrates the trading Volume indicator in action on the GBP/USD 1-hour time frame.
Basic Trading Signals
The signals from the best trading Volume indicator are easy to understand. Here’s how they work:
BUY:
- A bullish signal is given when the BULLS ratio is a least 75%.
- Open a buy trade and place a stop loss below the most recent swing low point.
- Close the buy transaction for a risk-to-reward ratio of at least 1.5.
SELL:
- A bearish signal is given when the BEARS ratio is a least 75%.
- Open a sell trade and place a stop loss above the most recent swing high point.
- Close the sell transaction for a risk-to-reward ratio of at least 1.5.
Download Now
Download the “trading-volume-indicator.ex4” MT4 indicator
Volume-Based Smart Money Forex Strategy Using BOS & CHoCH Indicator
This strategy combines the Best Trading Volume Buy Sell Indicator with the BOS & CHoCH MT4 Indicator to catch high-probability reversal and continuation setups.
The Volume Indicator highlights strong buyer/seller pressure, while BOS & CHoCH identifies market structure changes, key to anticipating trend shifts like institutional traders.
Optimal Trading Environment
- Timeframes: M15, M30, H1
- Pairs: EUR/USD, GBP/JPY, USD/CHF
- Sessions: London and New York for reliable volume data
Indicators Used
- Volume Confirmation: Best Trading Volume Buy Sell Indicator
- Structure Shift Detector: BOS & CHoCH Metatrader 4 Indicator
Buy Setup
- Wait for a CHoCH (Change of Character) or BOS (Break of Structure) to the upside, indicating a potential trend reversal or continuation.
- Check if the Best Trading Volume Indicator shows a strong green volume bar or buy signal near that structural shift.
- Enter a buy trade once both indicators align, ideally after a slight pullback.
- Set the Stop Loss just below the structure break or the most recent swing low.
- Take Profit near the next resistance zone or use a 1:2 risk-to-reward ratio.
Sell Setup
- Look for a bearish CHoCH or BOS to signal a downtrend or reversal.
- Confirm with a strong red volume bar or sell signal from the Volume Indicator at or near the structure break.
- Enter a sell trade as the price pulls back slightly and starts moving in the direction of the break.
- Place the Stop Loss just above the most recent high or BOS level.
- Target the next support level or a 1:2+ reward-to-risk ratio for Take Profit.
Trade Management Tips
- Wait for clean structure breaks—avoid trading in choppy or sideways zones.
- Use the volume spikes as confirmation only when they coincide with BOS/CHoCH levels.
- Risk no more than 1–2% per trade and consider breakeven moves after 1R profit.
Strategy Conclusion
This strategy focuses on identifying institutional intent through structure shifts and validating it with real-time volume pressure.
The BOS & CHoCH Indicator provides key zones of market intent, while the Best Trading Volume Buy Sell Indicator ensures you’re entering with the smart money.
Ideal for both reversal and breakout traders seeking cleaner entries with confirmation.
Adjustable Parameters & Settings
Calculation, time frame (current), position, offset X, offset Y, color bull, color bear.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair and other trading instruments
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: trading volume
How to install the trading Volume indicator in Metatrader 4?
- Copy and paste the trading-volume-indicator.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
- Restart the trading platform
- Add the indicator to the chart
