Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Normalized Volume99% of indicators are based on price analysis.
This indicator is based on volume. Volume is overlooked piece of information in most trading systems.
And this is a big mistake since volume gives important information about market participants.
Normalized Volume is an indicator that can be used to confirm reversal points.
The indicator code volume with colors indicating high, normal and low volume.
You could enhance dramatically your trading system using volume analysis.
Inputs of the indicator are:
This indicator is based on volume. Volume is overlooked piece of information in most trading systems.
And this is a big mistake since volume gives important information about market participants.
Normalized Volume is an indicator that can be used to confirm reversal points.
The indicator code volume with colors indicating high, normal and low volume.
You could enhance dramatically your trading system using volume analysis.
Inputs of the indicator are:
- Period: period to be used to calculate normalized volume
- LowVolume: normalized volume level to be considered as low
- NormalVolume: normalized volume level to be considered as normal
Trading requires an edge over the market. Volume could be your edge over other participants who do not use volume.
The indicator can be used with any time frame.
The indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities, and Cryptos.
Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.
Indicators for MT5:
All our indicator are developed both for MT4 and MT5.
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