Volume Footprint Analysis MT5
- Indicators
- Suvashish Halder
- Version: 1.0
- Activations: 10
MT4 Version - https://www.mql5.com/en/market/product/138564/
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Designed for both beginners and experienced traders, this indicator offers dynamic visual cues — using color zones, threshold markers, and directional histograms — to identify:
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Volume climaxes
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Reversal zones
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Smart Money accumulation/distribution
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Entry and exit points based on actual market participation
It includes fully customizable alert and visual settings for efficient real-time decision-making.
Feature | Standard Volume Indicator | Volume Footprint Analysis |
---|---|---|
Shows actual volume size | ✅ Yes | ✅ Yes |
Shows volume sentiment | ❌ No | ✅ Yes — with color-coded direction |
Visual trend clarity | ❌ Limited (uniform bars) | ✅ Clear reversal & continuation zones |
Smart Money behavior detection | ❌ Not possible | ✅ Detects accumulation/distribution |
Easy to read at a glance | ❌ Hard to interpret | ✅ Instant understanding via colors |
Buy/sell cues | ❌ Not direct | ✅ Marked by arrows and color zones |
Key Settings and Inputs:
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Threshold Control: Set your own warning and extreme volume levels.
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Lookback Periods: Customize how far back to analyze tops, bottoms, and PPO logic.
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Alerts & Notifications: Enable sound, push, or email alerts when key conditions are met.
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Bullish/Bearish Markers: Unique code and color configuration for easy spotting.
Best Use Cases:
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Spotting potential trend reversals
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Filtering out false breakouts
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Confirming breakout trades
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Enhancing entry/exit timing with live volume context
Who It's For:
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Traders who find standard volume bars hard to interpret.
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Anyone applying Wyckoff/VSA logic manually and wants a visual helper.
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Scalpers, swing traders, and intraday traders looking for volume confirmation.
Totally overpriced. Use standard volume indicator instead. That's my honest advice !