The rewritten indicator is designed to meet forum requests for a simple volume indicator compatible with MT5. It incorporates a Trading Volume Line with three configurable modes: Close Ratio, Open Ratio, and Body Ratio. These modes can be selected via the parameters and are displayed within the indicator window for clarity. This enhancement offers traders customized visualization of volume data, aiding in more informed decision-making. By adjusting the modes, users can tailor the indicator to align with their trading strategies, providing a versatile tool in technical analysis.
#MQL5 #MT5 #Indicator #Volume

Read more...

An advanced volume indicator offers a more detailed analysis by plotting volume changes tick by tick rather than aggregating into a single bar. Contrary to traditional volume histograms, this method enables a real-time examination of volume pressure. Enhanced observation is possible as increased tick activity results in a larger, expanding histogram, highlighting any significant volume shifts instantaneously.

This tool provides insights into sudden volume surges, supports microstructural market analysis, and clarifies how volume accumulates during the formation of a bar. Furthermore, it assists in identifying market absorption or exhaustion by correlating volume spikes with price movement. This nuanced approach is valuable for traders seeking a comprehensive understanding of market volume dynamics.
#MQL5 #MT5 #Indicator #Volume

Read more...

Exploring the capabilities of volume categorization can enhance your chart analysis. The Better Volume indicator segments trading volume into distinct categories to provide clarity during market assessment. Distinguishing factors such as Buying Climax and Selling Climax illuminate high-volume periods indicating potential trend shifts. The Churn and Climax Churn highlight elevated volatility phases, while Weak Candle and Volume Balance mark low activity and market equilibrium respectively.

This tool’s Moving Average Volume feature adds an analytical layer, illustrating volume trends over time. Adaptation is key; users can tailor the Moving Average Period and Lookback Window settings to accommodate individual trading methodologies. Compatible with different timeframes, this indicator is versatile from intraday to long-term market scopes. With smooth integ...

👉 Read | CodeBase | Share!

#MQL5 #MT5 #Volume

Technical analysis often prioritizes price, neglecting a crucial component: volume. Volume serves as the market's engine, providing insights into why price movements occur. High volume indicates strong, reliable trends, while low volume suggests potential reversals.

Volume data differs between markets. Real volume in stock exchanges offers exact numbers, while tick volume in forex acts as a proxy through price changes. Despite differences, tick volume aligns closely with actual trading activity.

This analysis introduces the Volume Boundary indicator, converting raw volume data into a bounded, interpretable format. By using mathematical transformations and smoothing functions, it offers standardized volume insights suitable for algorithmic trading. Understanding volume enhances strategic trading, moving beyond surface-level price observations.

👉 Read | Calendar | @mql5dev

#MQL5 #MT5 #Volume