Technical Indicators for MetaTrader 5

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MetaTrader 5

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Horizontal tick volumes mt5

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Information

Indicators
MetaTrader 5
Aleksandr Suchkov
4.9
7

Overview

Horizontal tick volumes (HTV)

Horizontal tick volumes - an easy and convenient indicator of the horizontal market profile in a user-selected time interval, now also for MT5. It has fast dynamics of displaying horizontal tick volumes on the chart. Produces a visual image of strong trading levels by maximum peaks past volumes and trading direction by color (sell or buy), and also allows you to detect smaller trading levels by differentiating past volumes.

In the "Optimal" mode, when displayed on chart periods up to and including "H1", the data of one-minute bars are used, on H4 - five-minute ones, starting from the "D1" period, the data of hourly bars are used in the calculations. You can also choose any time frame for calculations, not exceeding the current one.

The ATR analysis module allows you to view the numerical values ​​of ATR bars in the selected time range, as well as show market entry signals. To generate buy and sell signals, you must first use the terminal strategy tester in order to determine in advance the optimal values ​​of the parameters to be set.

(In the MT5 tester, the functions of moving panels do not work normally and the rectangle-area for selecting the boundaries of the plotting time interval is blocked for moving/changing.)

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