Buy sell volume – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Indicator displaying the volume based on a price to average correlation.

    If the price is greater than the corresponding average, it is assumed
    that the state of the trend is “buy” and the volume used is the “buy”
    volume then. If the price is less than the corresponding average, it is assumed
    that the state of the trend is “sell” and the volume used is the “sell”
    volume then. You can chose to use tick volume or real volume.

    For comparison of the buy/sell states, you can use one of the 4 types of averages:

    • simple moving average
    • exponential moving average
    • smoothed moving average
    • linear weighted moving average

    Volume display for the “buy” volume and “sell” volume is smoothed using a kind of a “discontinued EMA” in order to make it more logical.

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    Alerts and multi time frames already included.

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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