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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.
Tick volume histogram on MT4 EURUSD H1 chart with green and red bars showing volume spikes around session opens

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.

VSA indicator on MT4 EURUSD H1 chart highlighting no-demand bars and stopping volume bars with coloured candle overlays

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 on MT4 EURUSD H1 chart with climax-up climax-down high-volume churn and low-volume bars colour-coded

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 on MT4 EURUSD H1 chart with main and signal lines crossing in oversold zone for buy signal

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 on MT4 EURUSD H1 chart with histogram and signal line showing volume-weighted momentum vs standard MACD

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.

Best volume indicators for MT4 - comparison featured image for the 10-pick listicle

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 on MT4 - featured image highlighting VWAP MFI Volume Profile pack

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.

Best volume indicators for scalping on MT4 - featured image highlighting Tick Volume Better Volume VSA pack

Best Volume Indicators for Scalping MT4 (2026 Guide)

The 5 volume indicators that survive M1/M5 scalping on MT4 — Tick Volume, Better Volume, BW MFI, OBV, and short-period MFI. Scalping pack with the rules I use.

Force Index indicator on MT4 EURUSD H1 chart with zero-line crosses and divergence example

Force Index Indicator MT4 – Free Download & Strategy

Download the Force Index indicator for MT4 free. Alexander Elder’s volume-weighted momentum oscillator with the divergence rules I use to spot exhaustion on EURUSD breakouts.

VWAP Indicator MT4 – Volume Weighted Average Price Free Download

Download the VWAP indicator for MT4 free. Complete review covering how volume weighted average price works, best intraday settings, and a mean-reversion strategy with clear entry and exit rules.

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Dominic Walsh - Trading Strategies Developer

I'm Dominic Walsh, a UK-based forex trader. I've been trading full-time since 2014 and publish one of the larger independent MT4 and MT5 resource libraries on the open web. Free indicators, EAs and strategies — broker-neutral, no signal service. Read the methodology →

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