Hidden Gap Volume Indicator for MetaTrader 4 – Full Overview
The Hidden Gap Volume Indicator MT4 is a powerful technical analysis tool designed for MetaTrader 4 (MT4), ideal for traders who want to enhance their understanding of volume dynamics in trending and reversal scenarios. This indicator analyzes recent trading volume data and visualizes market behavior through a color-coded oscillator, making volume interpretation intuitive and actionable.
How It Works
The indicator begins by calculating the average volume of the last 20 candles, then draws bands above and below the oscillator bars using two standard deviations. Each volume bar is then analyzed relative to the deviation band and previous candles, and assigned a specific color to reflect market sentiment and volume behavior.Volume Bar Color Coding:
· Red: Lowest volume in the current visible range· Yellow: Volume is lower than the previous candle (hidden weakness)
· Purple: Volume is lower than the last two candles (stronger hidden gap)
· Blue: Volume is higher than the previous candle (momentum confirmation)
· Brown: Volume bar exceeds the standard deviation band (volume spike)
· Green: Volume exceeds the deviation band but is less than the prior candle
This visual system helps traders instantly detect volume strength, weakness, or anomalies that may indicate a potential shift in market direction.
Hidden Gap Volume Indicator Specifications
Category | Details |
Indicator Type | Volume, Oscillator, Trend, Reversal |
Platform | MetaTrader 4 (MT4) |
Trading Skills | Intermediate |
Timeframes | Multi-Timeframe |
Trading Style | Intraday |
Supported Markets | Forex, Crypto, Stocks, Indices, Commodities |
Download Link |
Market Insights from Hidden Volume Gaps
The Hidden Gap Volume Indicator provides unique insights by identifying volume-based divergences that are often invisible to traditional price action analysis. Its real value lies in detecting "hidden gaps" — when price makes a new high or low without sufficient volume to confirm the move.
Uptrend Example
In an uptrend, the appearance of blue bars in the oscillator signals strong buying pressure. However, if price reaches a new high and volume bars turn yellow or purple, this indicates a hidden bearish gap — a rise in price that isn't supported by increasing volume. This can suggest overbought conditions and a potential for price reversal or correction.Example Scenario:
On a 1-hour Bitcoin Cash (BCH/USD) chart, a sequence of green or blue bars may initially confirm bullish momentum. But a switch to yellow or purple while price continues to climb signals a hidden gap and possible weakening of the trend.
Downtrend Example
In a downtrend, blue bars show aggressive selling volume and suggest trend continuation. However, if price hits a new low while volume bars shift to yellow or purple, it implies a hidden bullish gap — selling pressure is weakening despite the lower price. This may signal an upcoming bullish reversal.Example Scenario:
On a 15-minute CHF/JPY chart, a shift from blue to yellow/purple bars near support zones can be interpreted as exhaustion in selling volume, offering a potential buy opportunity for reversal traders.
⚙️ Hidden Gap Volume Indicator Settings
The indicator offers a wide range of customization options, allowing traders to tailor its appearance and sensitivity to their strategies.Setting | Function |
Display Bars | Number of candles shown in the oscillator |
Look Back | Range of candles used for volume calculations |
Show MALine | Toggle to display Moving Average line |
MA Period | Period used for the moving average |
Display StdDevLine | Show or hide the standard deviation boundaries |
Std Deviation Period | Number of bars used to calculate deviation |
StdDeviation Factor | Multiplier used to determine width of deviation bands |
Display ChartSymbol | Show chart symbol and timeframe on-screen |
ChartLabel Font/Color | Customize font size and color for chart symbol label |
Display Clock | Show an on-screen clock |
Clock Font/Color | Font and color options for the digital clock |
Show Vol | Enable real-time volume display |
Vol Font/Color | Custom font and color for live volume value |
Show MA | Display the current Moving Average value |
MA Font/Color | Font and color for the MA value |
Show DEV | Display the current standard deviation value |
DEV Font/Color | Font and color for the deviation label |
✅ Conclusion
The Hidden Gap Volume Indicator is a precision volume analysis tool that helps traders spot weakness in trends (via yellow and purple bars) and detect volume exhaustion at key levels (via brown and green bars). By highlighting hidden bullish or bearish gaps, the indicator reveals subtle market imbalances that could precede major price moves.This makes it especially valuable for intraday traders and swing traders who rely on volume as a confirmation tool for trend continuation or reversal. Whether you're trading Forex, stocks, cryptocurrencies, or indices, the Hidden Gap Volume Indicator can elevate your technical analysis with deeper volume insight and clearer trade signals.
