Relative Volume Breakout Signals MT5
- Indicators
-
Mattia Marco Platania
At MetaCoderStore, our goal is to build practical, clean, and reliable MetaTrader indicators that traders can actually use in live chart work. We focus on clear visual tools, useful inputs, and MT4/MT5 versions wherever possible. - Version: 1.0
- Activations: 10
Paid release: Relative Volume Breakout Signals MT5 is a paid MetaCoderStore indicator. Use the product comments for setup questions, feature requests, and feedback for future updates.
Relative Volume Breakout Signals measures the current bar volume against its recent average and marks range breakouts that happen on unusual participation.
Use cases
- Identify breakouts with stronger-than-normal tick or real volume.
- Filter quiet range breaks from high-participation expansion moves.
- Feed relative-volume and signal buffers into an Expert Advisor or scanner.
What it shows
- Cyan RVOL histogram in a separate indicator window.
- Gold configurable spike threshold line.
- Optional green bullish and red bearish signal markers when RVOL confirms a prior-range break.
Main features
- Relative-volume calculation from recent average volume.
- Optional use of real volume when the broker symbol provides it.
- Configurable volume lookback, breakout lookback, and spike threshold.
- Popup and push alerts with current-candle or closed-candle trigger mode.
- EA-readable buffers for RVOL, threshold, signal, and direction.
Basic use
- Attach the indicator to a liquid symbol and timeframe.
- Use the gold threshold to define what counts as a meaningful activity spike.
- Review green/red signal markers only when the underlying chart is breaking a prior range.
- Combine with your trend, session, and risk rules before taking a trade.
Inputs
- VolumeLookback: bars used for average volume.
- BreakoutLookback: prior bars used for the high/low range break.
- SpikeThreshold: RVOL level required before a signal can trigger.
- UseRealVolumeWhenAvailable: uses real volume on symbols that provide it; otherwise tick volume is used.
- EnableAlerts / EnablePushNotifications: alert controls.
Buffers for EA integration
- 0 Relative Volume value.
- 1 Spike threshold line.
- 2 Bullish marker value, or EMPTY_VALUE.
- 3 Bearish marker value, or EMPTY_VALUE.
- 4 Signal value: +1 bullish, -1 bearish, 0 none.
- 5 Breakout direction: +1 up, -1 down, 0 none.
Risk note: This is an analytical indicator, not a trading system. It does not place trades, set stops, or guarantee continuation after a breakout. Always test settings on your symbol and timeframe before using signals in live decisions.
