The All Volume Average indicator plots tick volume as a histogram with a moving-average line, so above-average bars stand out instantly. Also, it alerts on a volume spike, tagged bullish or bearish by the candle direction.
For more like this, browse the more volume indicators for forex or jump to the full MetaTrader indicator hub.
What the All Volume Average Indicator does on the chart
The All Volume Average indicator plots tick volume as a histogram with a moving-average line on top, so you can instantly see when a bar’s volume is well above its recent norm.
Also, an alert fires on a volume spike (volume above its average times the multiplier), tagged bullish or bearish by the candle direction.
Key features and settings
- Tick-volume histogram + moving-average line
- Volume-spike alerts above the average
- Bullish/bearish tag by candle direction
- Adjustable MA period and spike multiplier
- Separate-window oscillator
- 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 |
|---|---|---|
MaPeriod |
Volume moving-average period | 20 |
SpikeMultiplier |
Volume must exceed the average times this | 1.8 |
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 All Volume Average Indicator
Volume confirms moves; a spike on a directional bar is the cue.
Entry idea (long). Bullish bar on a volume spike.
Entry idea (short). Bearish bar on a volume spike.
Still, Exit idea. Fading volume warns the move is tiring.
Tuning the All Volume Average Indicator inputs
In practice, start with the defaults, then tune for your market. MaPeriod (default 20) sets the averaging length — raise it for smoother, slower signals or lower it for faster, more sensitive ones; SpikeMultiplier (default 1.8) 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
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, 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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Related on forexmt4systems.com: Moving Average Crossover Strategy.
Built by forexmt4systems.com
This It is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Next, 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. Typically, the same one-step email opt-in below unlocks the entire library – not just this one indicator.
FAQ
What does the All Volume Average measure?
It plots a clear signal layer that the All Volume Average 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. Then, 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, still, yet, 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. Thus, truly, fast-moving instruments may need a smaller period setting.
Can I add alerts?
Yes. In addition, 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, hence, plainly, 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. you toggle each channel independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Alerts trigger once per closed bar.
For external background reading, see the background on volume analysis. 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 Volume collection. Also, browse more Volume for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- For background on this concept, see OBV at Investopedia.
- For broader market context, see FX education at the CME Group.