The T3 Volume Average Metatrader 4 forex indicator displays a red line based on volume and moving average in a separate window below the main activity chart.
The indicator can be applied to any currency pair and timeframe of your choice.
Indicator settings can be modified directly from the inputs tab.
Free Download
Download the “t3-moving-volume-average.mq4” MT4 indicator
Indicator Chart (USD/CHF H1)
The USD/CHF H1 chart below displays the T3 Volume Average forex indicator in action.
Basic Trading Signals
No buy and sell forex signals from this indicator.
T3 Volume Average and Laguerre Filter MT4 Forex Strategy
This MT4 forex strategy blends volume context from the T3 Volume Average Metatrader 4 Forex Indicator with trend direction from the Laguerre Filter Signal Indicator MT4.
It is designed for M5, M15, and H1 charts, helping traders focus on trend direction supported by active volume participation.
The T3 Volume Average indicator displays volume strength in a sub-chart, allowing traders to confirm whether a price move has momentum behind it.
The Laguerre Filter Signal indicator provides a buy signal when price is above the filter and a sell signal when price is below the filter.
Combining both indicators helps filter out weak moves that lack volume support and encourages entries that are confirmed by trend direction and volume activity.
The idea is to trade in the direction of the trend only when there is supportive volume behind price movement.
This reduces the likelihood of fading weak, low-volume moves that are more likely to fail.
Buy Entry Rules
- Price must be above the Laguerre Filter line, indicating a bullish market environment.
- The T3 Volume Average must show a rising volume line or volume staying above recent average levels, confirming active participation.
- Wait for the price to retrace toward the Laguerre Filter line and hold above it with a bullish candlestick pattern.
- Enter a buy trade at the close of the candle that holds above the Laguerre Filter after the retracement.
- Place the stop loss below the most recent swing low or below the Laguerre Filter line if it is closer.
- Set a take profit at the next logical resistance level based on the recent price structure on the chart.
- If the volume significantly drops while price is still rising, consider moving the stop loss to break even to protect capital.
Sell Entry Rules
- Price must be below the Laguerre Filter line, indicating a bearish market environment.
- The T3 Volume Average must show a rising volume line or volume staying above recent average levels, confirming strong participation.
- Wait for the price to retrace toward the Laguerre Filter line and hold below it with a bearish candlestick pattern.
- Enter a sell trade at the close of the candle that holds below the Laguerre Filter after the retracement.
- Place the stop loss above the most recent swing high or above the Laguerre Filter line if it is closer.
- Set a take profit at the next logical support level based on the recent price structure.
- If the volume significantly drops while price is still falling, consider tightening the stop loss to lock in profits.
Advantages
- Combines trend direction with volume confirmation to reduce false signals and improve entry quality.
- Volume context makes it easier to distinguish between strong and weak price moves.
- Applicable on M5, M15, and H1 charts for both short and moderate duration trades.
- Helps traders stay aligned with the dominant trend while avoiding low-momentum moves.
Drawbacks
- Volume indicators can sometimes lag price, causing delayed entries on rapid moves.
- Low liquidity periods may show low volume readings that make signals harder to interpret.
- Requires active monitoring, especially on lower timeframes, to catch ideal entry retracements.
- Stop losses may be hit prematurely in fast news-driven spikes.
Case Study 1
On USDCHF M5 during the London session, the price stayed above the Laguerre Filter line, indicating bullish trend conditions.
The T3 Volume Average displayed a rising volume line while price pulled back toward the Laguerre Filter.
A bullish candle formed above the filter, signaling a buy entry.
The position was opened and closed for 14 pips when price reached the next resistance and volume began to decline, confirming the intraday bullish move.
Case Study 2
On GBPCHF H1 during the New York session, price was below the Laguerre Filter line, confirming bearish conditions.
The T3 Volume Average showed strong volume on recent down moves.
After a brief retracement toward the filter, a bearish candle held below it, signaling a sell entry.
The trade was initiated and later closed for 57 pips when price reached the next support zone as volume tapered and the downtrend remained intact.
Strategy Tips
- Focus on entries where volume is supportive of the price move to increase the chance of continuation.
- Avoid taking signals when volume is weak or dropping, as low participation increases the risk of reversals.
- Use higher timeframe analysis as context when trading on M5 or M15 to ensure alignment with the bigger trend.
- Adjust take profit levels slightly based on overall volatility in the session you are trading.
- Consider scaling out partial profits as price moves in your favor to protect gains.
- Maintain discipline and avoid entering trades too early before both trend and volume conditions are met.
- Track performance across pairs and sessions to refine your understanding of how volume behaves with trend direction.
Download Now
Download the “t3-moving-volume-average.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (MA_Period, b) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Oscillator
