This is a very simple but effective Volume Waves indicator for MT5.
"Anyone who has watched intraday price movement knows it unfolds in a series of buying and selling waves..."
Anyone who wants to experiment this kinf of analysis I suggest to search for Richard D. Wyckoff's works.
Hope this indicator helps the community!
Live Long and Prosper.
Linear regressionVolume Profil & Range V6
Volume Profile + Range v6.0 (former TPO). Distribution of deals by price levels at a given time interval. Displayed as a histogram. The width of the histogram at the level means the number of transactions carried out on it. If a broker provides data on a real volume, the indicator is able to display distribution on it as well. Original codes is here https://www.mql5.com/en/code/15440 but it doesnt work on new builts of MT5 I just compiled for new builts