Volume Metatrader 4 Forex Indicator

The Volume forex indicator for Metatrader 4 displays the volume of each candlestick in a separate MT4 window.

The indicator draws blue and red histogram bars.

Blue histogram bars display uptrending candlesticks (bullish).

In this case, the close price is higher than the open price.

Red histogram bars display downtrending candlesticks (bearish).

In this case, the close price is lower than the open price.

Large volume bars (either blue or red) indicate the volume is strong.

Free Download

Download the aliev-fx-volumes.mq4” MT4 indicator

Example Chart

The EUR/USD daily chart below displays the Volume Metatrader 4 indicator in action.

Basic Trading Signals

No trading signals from the Volume forex indicator.


Download the aliev-fx-volumes.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Volume

Customization options: Variable (Bars to count, Point settings, Alerts) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month


Copy and paste the aliev-fx-volumes.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)