i had a version of this indicator, nut not version 1.4, i found the colors where all messed up in regards to how they are suppose to print, your version seems to look allot better.
are these what the colors mean on yours, or are my settings messed up? also did u ever get a mt5 version?
Red bar - wide range, high volume (climax bar). Can be seen at beginning of uptrend, end of uptrend., and in continuation of downtrends.
Green bar - low range, high volume (high churn bar). Can be seen at beginning of uptrend, end of uptrend, and continuation of downtrend.
White bar - low volume, high range (low churn bar). Can be seen at bottoms, tops, and continuation of uptrend.
Yellow bar - low volume, low range. Seen at similar places to the low churn bar(white bars).
Magenta bar - Climax volume plus High volume churn - both the conditions are rare
'White bar - low volume, high range (low churn bar). Can be seen at bottoms, tops, and continuation of uptrend.'
No, new version of BetterVolume has no low churn...It was in very first version but Barry removed it ...There is latest version of bettervolume but only for tradestation and ninja...no-one yet converted it to mt4...
Version for MT5, in this thread, is based on BetterVolume1.4 for MT4