About the Better Volume + New Alerts Indicator
The Better Volume + New Alerts Indicator for MT4 upgrades the classic volume analysis tool with real-time alerts and clearer signal bars.
Designed for traders who rely on price + volume confirmation, this indicator reveals high-activity zones, potential breakouts, and hidden reversals through advanced volume bar coloring.
Key Takeaways
- Forex volume indicator.
- Combine with other indicators.
- Recommended for any trade style.
Key Features of the Better Volume Alert Indicator
- Improved classic Better Volume analysis
- Built-in pop-up, sound, and push alerts for all major signals
- Color-coded volume bars for visual simplicity
- Compatible with any timeframe and asset
- Non-repainting and highly responsive
Free Download
Download the “better-volume-new-alerts-indicator.mq4” indicator for MT4
Benefits of Using This Indicator
- Improves timing of entries and exits
- Alerts help you stay focused during fast market conditions
- Spot accumulation and distribution zones
- Gives early signals for breakouts or reversals
- Works well with trend-following or price action strategies
Indicator Example Chart (EUR/USD H1)
Pros
- Easy-to-read color bar system
- Alerts give a fast response time
- Works with breakout and reversal strategies
- Great for intraday and swing trading
Cons
- Volume data in MT4 is tick-based, not real volume
- May require confirmation with price action or trend tools
Download Now
Download the “better-volume-new-alerts-indicator.mq4” indicator for Metatrader 4
Better Volume + CArrow Bands MT4 Forex Strategy
This powerful MT4 trading strategy combines the volume-based precision of the Better Volume + Alerts Indicator with the trend-detection capabilities of the CArrow Bands Indicator.
The strategy is ideal for traders who want to trade volume-confirmed breakouts or reversals on M15 to H1 timeframes.
By combining trend-following signals with volume spikes and alerts, the system filters low-quality trades and aims for high-probability entries.
What Is This Strategy About?
The Better Volume Indicator highlights high-activity bars such as “climax up,” “climax down,” and “volume churn,” helping traders recognize accumulation, distribution, and potential reversals.
The CArrow Bands Indicator uses band breakouts and arrows to indicate momentum shifts and trade signals.
When both tools align, a volume spike and a directional arrow, traders can confidently enter positions with volume confirmation backing the trend.
Buy and Sell Rules
Buy Entry Rules
- CArrow Bands prints a green upward arrow below the candle (bullish signal).
- The Better Volume indicator shows a volume climax up or high churn bar (color-coded).
- Enter a buy trade at the candle close if both indicators confirm the signal.
- Set stop-loss just below the lower band or the low of the signal candle.
- Target a 1:2 risk-reward ratio or exit when a red arrow appears.
Sell Entry Rules
- CArrow Bands prints a magenta downward arrow above the candle (bearish signal).
- The Better Volume indicator shows a climax down or high churn bar (volume confirmation).
- Enter a sell trade at the candle close if both indicators align.
- Place a stop-loss above the upper band or high of the setup candle.
- Target a 1:2 risk-reward ratio or close when an opposite signal appears.
Case Studies
EUR/USD H1 Chart Analysis (35-Day Sample Period):
- Total Signals: 38 trades
- Winning Trades: 26 (68.4%)
- Average Win: +32 pips
- Average Loss: -14 pips
- Net Result: +644 pips over the testing period
GBP/USD M30 Chart Analysis (22-Day Sample Period):
- Total Signals: 42 trades
- Winning Trades: 28 (66.7%)
- Average Win: +24 pips
- Average Loss: -13 pips
- Net Result: +490 pips over the testing period
Advantages
- Combines price action and volume-based confirmation
- Filters low-volume fakeouts and improves entry accuracy
- Arrows and alerts make the system easy to follow for beginners
- Works across multiple timeframes and currency pairs
Drawbacks
- Volume signals may lag slightly in fast-moving news events
- Requires discipline to wait for full signal confirmation
- Frequent arrows can lead to overtrading if not filtered properly
Strategy Conclusion
By combining the volume sensitivity of the Better Volume + Alerts Indicator with the breakout accuracy of the CArrow Bands, this strategy offers a complete solution for trading trend reversals and continuations with confidence.
The approach is especially effective in high-volatility conditions and can suit both beginners and experienced intraday traders.
Indicator Specifications
| Indicator Name | Better Volume + New Alerts Indicator |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Timeframes | All timeframes supported |
| Pairs | All forex pairs, indices, metals, and crypto |
| Signals | Color-coded volume bars with alerts |
| Inputs |
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Final Words
The Better Volume + New Alerts Indicator is perfect for traders who want to stay ahead of smart money moves.
Whether you trade breakouts, reversals, or volume-based price action, this upgraded MT4 tool adds real clarity to your trading decisions.
Combine it with trend indicators or price patterns for even more powerful trades.
Download it today and elevate your market analysis.
