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VolcanoWMA Metatrader 4 Indicator

    The VolcanoWMA indicator for Metatrader 4 provides buy and sell signals with audible alert. It has a nice win rate.

    Trading Signals

    BUY: Wait for a green arrow to appear on the chart. Buy at the open of the following bar.
    SELL: Wait for a red arrow to appear on the chart. Sell at the open of the following bar

    Use in conjunction with other indicators, such as MACD and Moving Averages to avoid trading against the prevailing trend.


    Download the VolcanoWMA.mq4 indicator.

    Configurable Indicator Options


    EUR/USD 1 Hour Chart Example


    How to install the VolcanoWMA custom indicator in Metatrader 4?

    • Download the VolcanoWMA.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.