The Better Volume New Alerts Indicator is one of the most powerful volume-based tools available for MetaTrader 4. As a technical indicator, it analyzes supply and demand comparing expected average volume with actual market volume. This allows traders to identify significant price reactions, trend strength, and potential trading opportunities with greater accuracy. The indicator is especially useful for understanding market sentiment, which plays a critical role in intraday and swing trading.
The latest version, BetterVolume 1.5, offers improved readability, simplified alerts, and enhanced performance. Its user-friendly design makes it ideal for both beginners and advanced traders who rely on volume analysis as part of their strategy.
The indicator highlights important market moments by analyzing the relationship between price action and volume. Since volume reflects the participation of buyers and sellers, it provides insight into whether a trend is gaining strength or losing momentum. This tool helps traders identify accumulation zones, distribution phases, and potential reversals before they become obvious on the chart.
Because the indicator relies on tick volume rather than real volume in forex markets, it performs effectively on currency charts. While real volume applies to stock markets, tick volume is more practical for forex traders, as it measures how frequently prices move within a given time period. This makes the Better Volume New Alerts Indicator highly suitable for MT4 users focused on currency pairs.
There are two major volume measurement methods:
Tick Volume
Measures every price change (tick) during a timeframe. This is the preferred way to analyze forex markets.
Real Volume
Measures the total number of lots traded and is commonly used in stock trading.
Since forex lacks centralized volume data, tick volume becomes the most useful and reliable option for identifying market interest and confirming price direction.
Volume indicators do not produce direct Buy or Sell signals. Instead, they reveal the balance between supply and demand, allowing traders to interpret market conditions.
When volume aligns with price movement, the signal is considered strong. When volume contradicts price, potential reversals or weak trends may form.
In the first example, the market rejects moving lower and starts pushing upward. At the same time, volume rises significantly. This combination of bullish price action and increasing volume suggests strong buying pressure and a higher probability of the uptrend continuing.
In another setup, multiple bullish pin bars appear while volume rises. This indicates strong rejection of bearish pressure. As volume increases during these rejections, traders can anticipate further upward movement, supported by heightened demand.
A warning sign appears when volume expands but the price fails to break previous highs. This indicates a lack of support behind the bullish move and hints at a potential trend reversal. When momentum weakens even with strong volume, traders should prepare for a change in direction.
The Better Volume New Alerts Indicator offers several advantages:
Identifies accumulation and distribution phases
Detects trend strength and weakening momentum
Helps spot reversal patterns early
Provides easy-to-read alerts
Works effectively for day trading and swing trading
Ideal for beginners using BetterVolume 1.5
Applies to both forex and stock markets (using appropriate volume data)
Because volume analysis is a core component of technical trading, this indicator gives traders deeper insight into market conditions beyond simple price action.
The Better Volume New Alerts Indicator for MT4 is an essential tool for traders who analyze volume to evaluate market sentiment, trend strength, and potential trade setups. With its enhanced BetterVolume 1.5 system, the indicator provides clear volume patterns, simplified alerts, and intuitive color-coded signals. Whether you're a beginner or an experienced trader, this tool can significantly improve your understanding of market behavior.
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Published:
Nov 29, 2025 10:10 AM
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