This script scans through the bars within a 1 Hour chart and calculates the average volume per hour. It is prevented from working on any chart other than 1 hour and the average calculation uses MathAbs to ensure the absolute volume is calculated.
Just drag the script onto a 1 Hour chart and it should display a message box with the results. I thought this might be useful if you are thinking of limiting trading to times when the volume is high and you wanted to double check which times were most liquid.
MT4 Forex Script Characteristics
Platform: Metatrader 4
Time frames: any.
How to install Screenshot Script in MetaTrader 4 / MT4:
Copy and paste the Script_AverageVolumePerHour.mql4 files into the MQL4 Scripts folder of the Metatrader 4 trading platform.
Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Script (paste here)
On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Scripts” section
Locate the indicator which you have just downloaded into the folder stated in Step 1
Drag (Click and drag) the Script onto the chart (when you want the task to be performed)
your task should now be executed…