The Advanced Order Block Volume indicator marks institutional order blocks – the last opposite candle before a strong impulse – but only when that impulse is backed by tick volume well above its recent average. Also, it squares the order-block candle and prints a green BUY or red SELL arrow, so you see zones built on genuine participation.
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What the Advanced Order Block Volume Indicator does on the chart
The Advanced Order Block Volume indicator finds order blocks – the last opposite candle before a strong impulse – but adds a volume filter: the impulse candle must also show tick volume well above its recent average. Also, that keeps the focus on blocks backed by genuine participation.
It measures impulse strength against ATR and marks the order-block candle with a square, then prints a green BUY arrow on a bullish impulse or a red SELL arrow on a bearish one.
Key features and settings
- Order-block detection with an ATR impulse filter
- Volume confirmation (tick volume above its average)
- Square marker on the order-block candle
- Green BUY / red SELL arrow on the qualifying impulse
- Impulse, ATR and volume thresholds all adjustable
- Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels toggle independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
- Built for both MT4 and MT5; works on every timeframe and every symbol your broker offers.
- Lightweight code that does not slow down the chart.
| Setting | Description | Default |
|---|---|---|
ImpulseMultiplier |
Impulse body must exceed ATR times this | 1.5 |
AtrPeriod |
ATR period for the impulse filter | 14 |
VolumeMultiplier |
Impulse volume must exceed the average times this | 1.3 |
VolumePeriod |
Bars averaged for the volume baseline | 20 |
ArrowOffsetPoints |
Arrow offset from the candle wick | 40 |
EnableAlerts |
Master toggle for the alert system | true |
EnablePopup |
MT4/MT5 popup dialog on signal | true |
EnablePushNotify |
Mobile push notification (configure MetaQuotes ID first) | false |
EnableEmail |
SMTP email (configure Tools -> Options -> Email) | false |
EnableSound |
Play .wav from MT4/Sounds on signal | false |
How to read signals from the Advanced Order Block Volume Indicator
The square marks the order-block zone. Also, still, many traders wait for price to return to it rather than chasing the impulse.
Entry idea (long). After a bullish block forms, look for a long when price retraces into the marked zone and holds.
In practice, Entry idea (short). After a bearish block, look for a short on a retrace into the zone.
Exit idea. Stop beyond the far side of the block candle; target the next structure level.
Tuning the Advanced Order Block Volume Indicator inputs
Start with the defaults, then tune for your market. ImpulseMultiplier (default 1.5) scales sensitivity — higher values widen the distance and produce fewer signals; AtrPeriod (default 14) sets the averaging length — raise it for smoother, slower signals or lower it for faster, more sensitive ones; VolumeMultiplier (default 1.3) scales sensitivity — higher values widen the distance and produce fewer signals. Thus, every alert channel — pop-up, sound, email and mobile push — toggles independently in the same inputs panel, and alerts fire once per closed bar.
Recommended timeframes and instruments
As a result, this indicator relies on volume, which is most meaningful on higher timeframes.
- H1 and above where bar volume carries weight.
- H4 to Daily for confirming larger moves.
Sub-H1 tick volume is noisier, so pair it with price structure on EURUSD, GBPUSD and indices.
How to install on MT4 and MT5
Installation is the same for every indicator on this site. Also, still, hence, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.
Best practices and tips
- Use volume to confirm a move, not to trigger one on its own.
- Watch for divergence between price and volume at extremes.
- Wait for the bar to close before acting on a signal.
- Backtest your configuration on at least 200 closed bars before trading live.
- Keep position sizing small while you learn how the tool behaves on your instrument.
- Review your results weekly and prune settings that underperform.
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Built by forexmt4systems.com
Typically, this It is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Then, every tool ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files, a 4-channel alert system (popup + mobile push + email + sound), and is loaded on EURUSD H1 before release to confirm it draws cleanly without repainting. The same one-step email opt-in below unlocks the entire library – not just this one indicator.
FAQ
What does the Advanced Order Block Volume measure?
It plots a clear signal layer that the Advanced Order Block Volume computes from recent price and volume on the chart.
Is the indicator non-repaint?
By default the indicator only confirms a signal on the bar close, so the printed signal locks in once that bar closes. Thus, yet, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.
Which timeframe should I use?
There is no single best timeframe. Also, hence, truly, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.
Does it work on instruments other than forex?
It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. In addition, fast-moving instruments may need a smaller period setting.
Can I add alerts?
Yes. Next, plainly, Pop-up, sound, push, and email alerts live in the inputs panel. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Also, this indicator ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. Then, you toggle each channel independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Also, still, yet, still, alerts trigger once per closed bar.
For external background reading, see the support and resistance basics at Investopedia. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the tool as one input. Always backtest before trading live.
Category: this is part of our Smart Money collection. Thus, browse more Smart Money for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- For background on this concept, see On-Balance Volume on Wikipedia.
- For broader market context, see market commentary at DailyFX.