Market Facilitation Index (BW MFI) MT4 – Free Download & Guide
BW MFI explained with the four-colour bar reading method (green, brown, blue, pink) Bill Williams designed it for. Free download and the trend-confirmation strategy I use on EURUSD.
Volume Indicators
Volume is the conviction behind a price move — and in forex, where centralized volume data doesn’t exist, tick volume gives you a workable proxy. The volume indicators collected on this page turn that data into trading signals: VWAP for institutional reference levels, On-Balance Volume (OBV) for accumulation/distribution, the Money Flow Index for combined price-volume momentum, Force Index for impact analysis, and more. Each article explains what the indicator measures, why tick volume is a reliable proxy in liquid forex pairs, the settings we run, and the entry and exit rules we layer on top. You’ll also find combination strategies — VWAP + a momentum confirmation, OBV divergence with price — that improve signal quality. Where applicable, every indicator includes a free MT4 download. Browse below to find the volume tool that fits your trading style.
Does Volume Matter in Forex? MT4 Volume Indicator Reality Check
The honest answer to ‘does volume work in forex?’. What MT4 tick volume actually measures, when it’s reliable, and the edge cases where volume indicators fail.
Accumulation Distribution Indicator MT4 – Free Download & Strategy
Download the Accumulation/Distribution indicator for MT4 free. Learn how the A/D line confirms trends and warns of reversals via divergence — the smart-money read that picks up on positioning.
Chaikin Money Flow Indicator MT4 – Free Download & Strategy
Download the Chaikin Money Flow indicator for MT4 free. Bounded volume oscillator with zero-line cross strategy and the +0.10 / -0.10 threshold rules I trade on EURUSD.
VWAP Indicator MT4 – Volume Weighted Average Price Strategy
Download the session VWAP indicator for MT4 free. Volume-weighted average price for intraday bias and the pullback strategy I trade on EURUSD M15.
Tick Volume Indicator MT4 – Free Download & Reading Guide
Read tick volume on MT4 the right way. What it actually measures (vs real exchange volume), the spike-confirmation strategy I use on breakouts, and the broker feeds that matter.
Volume Spread Analysis (VSA) Indicator MT4 – Free Download
Free VSA indicator for MT4. Auto-classifies bars into no-demand, no-supply, stopping volume, and climactic patterns from the Tom Williams smart-money method.
Better Volume Indicator MT4 – Free Download & Strategy
Free Better Volume indicator for MT4. 4-colour histogram (climax-up, climax-down, churn, low-volume) for spotting reversal bars and trend-continuation entries on EURUSD.
Klinger Volume Oscillator MT4 – Free Download & Strategy
Free Klinger Volume Oscillator (KVO) for MT4. Long/short-term volume EMA differential with signal-line crosses, divergence, and the entry rules I run on EURUSD.
Volume Weighted MACD MT4 Indicator – Free Download
Free Volume Weighted MACD for MT4. Standard MACD logic but with volume-weighted EMAs — sharper crosses and cleaner histogram during high-volume sessions.
10 Best Volume Indicators for MT4 (2026 Guide)
The 10 best volume indicators for MT4 ranked by signal quality, ease of use, and applicability to forex tick volume. Free downloads + the rationale behind each pick.
Best Volume Indicators for Day Trading MT4 (2026 Guide)
The 5 volume indicators that actually work for day trading MT4 — VWAP, Volume Profile, MFI, OBV, and Better Volume — ranked for intraday signal quality.