Main Features

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   Dynamic Volume Categorisation :

   • The indicator classifies volume into various categories, assigning different colours to facilitate visual interpretation:
     • Buying Climax ( clrCrimson ): Identifies moments when volume is extremely high and the price is rising.
     • Selling Climax ( clrLimeGreen ): Signals moments of strong selling pressure with high volume.
     • Churn ( clrGold ): Detects high volatility without a clear price direction.
     • Climax Churn ( clrMagenta ): Combines buy/sell climax with churn, indicating extreme volatility.
     • Weak Candle ( clrDarkTurquoise ): Identifies candles with minimal volume in the lookback window.
     • Volume Balance ( clrWhiteSmoke ): Represents standard volume, with no specific characteristics that classify it in other categories. This colour is used as a "base colour" when none of the above patterns are detected.

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   Moving Average Volume :

   • A smoothed moving average line ( clrMaroon ) is displayed to help identify trends in volume over time.

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   Advanced Customisation :

   • Moving Average Period : Adjust the moving average period to adapt the indicator to your trading style.
   • Lookback Window : Set up the lookback window to compare the current volume with recent values.
   • Volume Type : Choose between real volume ( VOLUME_REAL ) or tick volume ( VOLUME_TICK ) to suit the characteristics of the asset being analysed.

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   Clear visual interface :

   • A coloured histogram ( DRAW_COLOR_HISTOGRAM ) displays the volume categories in an intuitive way, allowing for quick and efficient analysis.

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   Flexibility for Different Timeframes :

   • The indicator works on any timeframe, from intraday charts to weekly or monthly charts.

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How to interpret the signals

• Buy/Sell Climax : Indicates moments of strong accumulation or distribution, suggesting possible trend reversals or continuations.
• Churn : Signalling high volatility without a clear direction, indicating uncertainty in the market.
• Weak Candles : Shows moments of low activity in the market, often associated with consolidations or periods of indecision.
• Volume Balance : Represents normal market behaviour, without significant anomalies. It is useful for identifying areas of stability.

Configuration and Use

Better Volume is easy to set up and use:

1. Add the indicator to your chart in MetaTrader 5.
2. Adjust the parameters as necessary:
   • Moving Average Period : Sets the smoothness of the moving average line.
   • Lookback Window : Determines the number of candles used for comparisons.
   • Volume Type : Choose between real volume or tick volume.
3. Observe the signals generated by the histogram and the moving average line to make informed decisions.

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Why Use Better Volume?

• Volume Flow Analysis : Better understand the behaviour of market participants based on volume.
• Pattern Identification : Detect buy/sell climaxes, churn and other important patterns that can influence your trading decisions.
• Ease of Use : The intuitive visual interface and customisation options make the indicator accessible to both beginners and experienced traders.

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Application example

• Use the indicator to confirm entry/exit signals in volume-based strategies.