Brian Collard first uploaded Volume by Price Lite MT4 to the MQL5 marketplace on the 12th of July 2019, it has had a number of updates, the most recent update was completed on the 29th of March 2020 and that update brought the indicator up to version 5.106.
Volume by Price Lite MT4 is an indicator that was created for the MetaTrader 4 trading platform, it is the ‘Lite’ version of the indicator which is a data visualization tool used to show the relationships between volume, price, and time.
The indicator is able to filter its data by session, segment and can highlight various bits of data including the key levels and ranges, to create volume profiles and market profiles, as well as showing volume-weighted average prices, supply and demand zones, and average daily ranges.
There are also a number of other features and parameters available including the volume profit, market profile, volume-weighted average price, volume over time, supply and demand zones, average daily range, multiple timeframe analysis, filter by time, volume point of control, and many more.
The Volume by Price Lite MT4 can currently be purchased outright with a one-off payment of $34.95, this will get you unlimited access to the indicator. You are also able to rent it, this can be done on a monthly basis and will cost you $11.95 per month.
A free to download demo version is available, the demo version will have some limitations and may only work with the strategy tester, however, the full details of the demo version are not stated on the site.
There are two reviews giving the indicator an overall rating of 3 out of 5.
“great!!!!!!!! best in the market!!” – 5-star review.
There is also a 1-star review but the user did not leave a comment. So the mix of scores, but it would have been better to see what the negative reviewer actually thought, there are also quite a few comments, the developer of the indicator has been replying to most of them which show that they are still actively supporting the indicator which is good to see. We would suggest trying out the free version just to make sure that it works for you and also contact the developer with any questions that you may have before you make a purchase or a rental.