Average Hourly Trading Volume - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources
The script scans the bars in the 1-hour chart and calculates the average volume per hour. Working on any chart beyond 1 hour is prohibited, and average calculations use math antibodies to ensure absolute volumes are calculated.
Just drag the script onto the 1 hour chart and it will display a message box with the results. I think this might be useful if you are considering limiting trading to times of higher volume and you want to double-check which times have the most liquidity.
Attachment download
📎 script_averagevolumeperhour.mq4 (1.91 KB)
Source: MQL5 #20835
Average hourly trading volume - MetaTrader 4 script | Trading script download - MT4/MT5 resource usage and screening recommendations
Average Hourly Trading Volume - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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