The All Volume Average Indicator for MT4 is a simple but powerful tool designed to help traders analyze volume behavior with greater accuracy. Instead of providing direct buy/sell signals, it enhances your ability to read market activity, identify major player participation, and understand supply-and-demand imbalances—all crucial elements of volume spread analysis (VSA).
This indicator displays a color-coded volume histogram alongside two moving averages of volume (MA Volume). These visual cues make it easier to recognize whether bullish or bearish pressure is increasing or weakening.
When added to an MT4 chart, the indicator shows:
A volume histogram colored according to market direction and volume moving averages
Two MA Volume lines: a fast MA and a slow MA
Color-coded bars that reflect both price direction and the relationship between the moving averages
Light Green – Price rising AND fast MA Volume < slow MA Volume
Bright Green – Price rising AND fast MA Volume > slow MA Volume
Yellow – Price falling AND fast MA Volume < slow MA Volume
Bright Red – Price falling AND fast MA Volume > slow MA Volume
These colors provide a quick snapshot of market momentum, pressure, and potential shifts in dominance between buyers and sellers.
MA Volume is simply a traditional moving average — but calculated based on volume, not price.
In MT4, adding a moving average directly onto the default volume indicator is not possible due to platform limitations. This is why the All Volume Average Indicator is so valuable—it already includes two built-in volume moving averages that solve this problem.
The classic MT4 volume histogram does not include moving averages, making it harder to analyze volume trends over time. The All Volume Average indicator fills this gap by providing:
A more detailed view of volume activity
Trend-like behavior through volume MA crossovers
Visual confirmation of volume expansion or contraction
This makes it particularly useful for traders who rely on Wyckoff principles, VSA, or order flow psychology.
This indicator is not a signal generator. Instead, it acts as an analytical tool that helps traders interpret the intentions of large institutions and market makers.
To use it properly, you should understand the foundations of volume analysis, historically studied and documented by:
Richard Wyckoff
Tom Williams
Anna Coulling
David Weis
James Dalton
These authors explain how volume reveals the hidden actions of major players who accumulate or distribute positions ahead of big market moves.
In the example scenario:
Arrows 1 and 2 show bearish candles on high volume, but the candle bodies become smaller.
This indicates selling pressure is weakening, while large players may be accumulating long positions.
Volume expansion with shrinking bearish candles often signals a potential bullish reversal.
The logic:
Big players accumulate during price declines
Volume spikes reflect institutional activity
Price slowdown suggests sellers are being absorbed
This helps traders anticipate the next bullish move before it becomes obvious on the chart.
In the bearish example:
Bar 1 shows a sharp bullish move on high volume—demand strongly exceeds supply.
Bar 2 shows growth slowing sharply despite higher volume.
This imbalance suggests that strong supply has entered the market.
From here:
Mark the supply zone using the high and close of the candle.
Wait for price to retest that zone.
Look for bearish rejection, failure swing, or false breakout.
This often leads to a strong downside reversal.
The All Volume Average Indicator for MT4 is an invaluable tool for traders who rely on the dynamics of volume, price action, and institutional behavior. While it does not generate buy/sell arrows, it provides deep insights into market strength and the actions of major players.
Non-repaint
Simple settings
Works on all markets (Forex, stocks, crypto, indices)
Suitable for intraday and long-term trading
Enhances volume analysis dramatically
Does not generate automatic signals
Requires knowledge of volume spread analysis and Wyckoff theory
Beginners must invest time in learning volume interpretation
If you take volume analysis seriously, this indicator can become one of your most useful tools.
Published:
Nov 23, 2025 21:38 PM
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