Something Interesting - page 57

[Sergey Golubev]

Building an EquiVolume Indicator in MQL5

This article shows how to build an EquiVolume indicator in MQL5. It transforms traditional candles into volume‑weighted boxes whose width depends on relative trading activity within a lookback period. We will implement a step-by-step process that identifies maximum volume, normalizes all other volumes against it, and converts them into proportional visual widths for each candle. The result can be used to analyze market strength, highlight high-participation zones, and improve price action interpretation for both manual trading and algorithmic strategy development.