The article introduces the On-Balance Volume (OBV) indicator as a tool for analyzing volume trends in trading. It outlines the calculation method and emphasizes its applicability in algorithmic trading within MetaTrader 5 using MQL5. Detailed strategies, including OBV movement and strength, are provided, showcasing how to identify trend strength and direction. Practical code snippets show how to implement these strategies for automated trading, enhancing decision-making precision. This comprehensive guide equips traders with the expertise to leverage OBV for effective market analysis and strategy creation in MT5, combining technical knowledge with practical coding solutions.

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