Ever watched a sudden price eruption wipe out your gains? That’s the curse of blind breakouts… Enter the free FX Volcano System Indicator MT4, designed to pinpoint volatility surges before they explode. No more guesswork or late entries—this tool highlights “volcano zones” where price is coiling up to burst. You’ll get on-chart signals, ATR-based filters, and customizable alerts so you can jump in (or stand back) at exactly the right moment. Whether you’re chasing news-driven moves on EUR/USD or scalp-hungry rallies on GBP/USD, FX Volcano gives you the visual edge.
Overview
Based on classic volatility breakout logic, FX Volcano tracks price extremes over a configurable lookback period (default 20 bars) and uses ATR thresholds to confirm genuine momentum. When price breaches the upper “volcano rim,” a red triangle appears—meaning a potential bullish breakout. A blue triangle marks a bearish unwind. Optional trend-direction filters (like a 50-period SMA) prevent signals during chop. And because it runs natively in MT4, CPU usage is minimal—even if you stack multiple charts or timeframes.
Key Features
- Volcano Zone Alerts: Arrows mark 20-bar high/low breakouts.
- ATR Volatility Filter: Skips low-momentum false signals.
- Trend Confirmation: Optional SMA/momentum filter to validate direction.
- Multi-Timeframe Support: Apply on M15, H1, H4 charts.
- Configurable Lookback: From 10 to 55 bars for flexibility.
- Customizable Alerts: Pop-ups, email, and push notifications.
- Auto-Draw Stop/Target: ATR-based levels remove guesswork.
- Performance Panel: Live stats on signal count and win rate.
- Lightweight Design: Low CPU footprint for smooth multi-chart use.
How It Works
FX Volcano constantly scans your chosen timeframe for new 20-bar highs or lows. Once price pierces that level, it checks the ATR value to ensure volatility is strong enough—only then does it fire an arrow. If enabled, the SMA filter validates trend direction so you trade with the larger market flow. Auto-drawn ATR stops and targets give you immediate reference points for risk management.
Performance & Backtest
In a 6-month demo on EUR/USD H1 (Jan–Jun 2025), FX Volcano netted 14% growth with a 5% max drawdown. Out of 110 signals, 60% won at an average R:R of 1:1.7. Equity curves show controlled, steady gains vs. raw 20-bar breakouts—false alerts dropped by 28% once ATR filters were active.
How to Install & Configure
- Download
FX_Volcano_System.ex4from:
https://yoforexea.com/downloads/fx-volcano-system-indicator-mt4.ex4 - Copy into MT4’s
MQL4/Indicatorsfolder. - Restart MetaTrader 4.
- Attach to an M15, H1, or H4 chart.
- Open Inputs—set lookback, ATR period, alert types.
- Enable AutoTrading and watch for the next eruption!
Why Choose FX Volcano?
It’s a modern twist on a time-tested breakout system—fusing volatility checks, trend filters, and user-friendly alerts. And being 100% free, it carries no hidden fees or license hassles. For more tools and guides, explore our Beginner Guide and Other Indicators.
Support & Disclaimer
Need help? Message us on WhatsApp: https://wa.me/+443300272265 or join Telegram: https://t.me/yoforexrobot. We’ll typically reply within 24 hours.
Disclaimer: Past performance doesn’t guarantee future results. Always demo-test before trading live and only risk what you can afford to lose.
Call to Action
Ready for the next breakout? Download the FX Volcano System Indicator MT4 now and start spotting volatility eruptions before they happen—only at YoForex!