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VLM.mq5 (9.54 KB) view

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Indicator of volumes. It displays a color histogram of relative volumes by day hours:

Volume of each hour is calculated as a ratio between the current volume to the mean volume value within the predefined range.

The indicator has one input parameter:

Calculations:

VLM = Volume/VolAvg

where:

VolAvg = SMA(Volume, Period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21335

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VLM - indicator for MetaTrader 5