Volume Histogram with MA

Volume Histogram with MA

Volume Histogram with MA is a lightweight volume indicator for MetaTrader 5 designed to make changes in market activity easier to read.

The indicator displays volume as a color-coded histogram in a separate window and can overlay a simple moving average of the selected volume source.

The histogram color follows the direction of the corresponding price candle:

- Bullish or unchanged candle: bullish volume color
- Bearish candle: bearish volume color

The indicator supports Tick Volume, Real Volume and Auto mode. In Auto mode, it uses real volume when a non-zero real-volume value is available and automatically falls back to tick volume otherwise.

The optional Volume MA provides a simple visual reference for comparing current activity with its recent average.

Main Features

- Bullish and bearish volume histogram
- Optional simple moving average of volume
- Auto, Tick Volume and Real Volume source modes
- Automatic fallback to tick volume when real volume is unavailable
- Configurable bullish, bearish and MA colors
- Automatic histogram width based on chart zoom
- Optional manual histogram width
- Adjustable moving-average line width
- Optional current Volume and MA values on the right side
- Works on MetaTrader 5 chart timeframes
- No DLLs
- No WebRequest
- No external files
- No external indicators required
- Does not open, modify or close trades

How It Works

Volume Histogram

Each histogram bar represents the selected volume value for the corresponding price candle.

- Close >= Open -> bullish volume color
- Close < Open -> bearish volume color

Volume Moving Average

The moving-average line is calculated from the same volume source used by the histogram.

For example, with Moving Average Period = 20, the line represents the average selected volume over 20 bars.

Volume Source

Auto
Uses real volume when the broker provides a non-zero real-volume value. Otherwise, tick volume is used automatically.

Tick Volume
Always uses tick volume.

Real Volume
Always uses the real-volume data supplied by the broker. If the broker does not provide real volume for that instrument, values may be zero.

How to Use

1. Attach Volume Histogram with MA to any MetaTrader 5 chart.
2. Keep Volume Source = Auto for general use.
3. The default MA Period = 20 provides a balanced reference.
4. Compare the current volume bars with the Volume MA.
5. Use the information together with price action, market structure, support/resistance or your own trading methodology.

The indicator is intended as a market-analysis tool and is not a standalone buy/sell system.

Practical Examples

Above-average activity

When a volume bar rises above the Volume MA, current market activity is higher than its recent average.

Example:
Current Volume = 420
Volume MA = 280

This indicates stronger-than-usual activity during that candle.

Breakout confirmation

A trader can compare a breakout with current volume activity.

Example:
- Price breaks an important support or resistance level
- Current Volume is above the Volume MA

This shows that the breakout is occurring during increased market activity.

It does not guarantee that the breakout will continue.

Weak price move

If price makes a strong move while volume remains below its moving average, participation may be relatively weak.

Example:
- Price reaches a new local high
- Volume remains below the Volume MA

This can be used as additional context before making a trading decision.

Impulse versus pullback

During a trend, volume can help compare directional moves with corrections.

Example in an uptrend:
- Upward impulse -> higher volume
- Pullback -> lower volume
- New upward impulse -> volume increases again

This can help visualize whether participation is stronger during the trend direction or during the correction.

Volume spike

A sudden volume spike significantly above the Volume MA can highlight unusual activity.

This may occur during:
- Breakouts
- Economic news
- Session openings
- Strong momentum candles
- Periods of increased volatility

A volume spike should be interpreted together with price action and market context.

Inputs

Volume Settings

Show Volume Histogram
Shows or hides the volume histogram.

Volume Source
Selects:
- Auto
- Tick Volume
- Real Volume

Moving Average Period
Defines the number of bars used by the volume moving average. Default: 20.

Show Volume Moving Average
Shows or hides the Volume MA.

Appearance

Bullish Volume Color
Color used when Close >= Open.

Bearish Volume Color
Color used when Close < Open.

Moving Average Color
Color of the Volume MA line.

Match Histogram Width to Chart Zoom
Automatically adjusts histogram width when chart zoom changes.

Histogram Width
Manual width used when automatic width is disabled.

Moving Average Line Width
Controls the thickness of the Volume MA line.

Current Value Labels

Show Current Values on the Right
Displays current Volume and Volume MA values on the right side of the indicator window.

Value Label Width
Controls label width.

Value Label Height
Controls label height.

Value Label Font Size
Controls label font size.

Important Volume Information

On Forex and many CFD instruments, MetaTrader 5 commonly receives tick volume rather than centralized exchange-traded volume.

Tick volume represents the number of price updates received during a candle.

Real-volume availability depends on the broker, symbol and market.

For general use, Auto mode is recommended. It uses real volume when available and automatically falls back to tick volume otherwise.

Important Notice

Volume Histogram with MA is an analytical visualization tool.

It does not:

- Predict future market direction
- Guarantee breakout continuation
- Provide guaranteed trading signals
- Open trades
- Modify trades
- Close trades

Historical and live volume data depend on the information supplied by the broker.
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Atomic Analyst — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. Atomic Analyst brings price action, trend direction, entry and exit signals, Stop Loss and multiple Take Profit levels together on your chart. SEE THE SIGNAL. UNDERSTAND THE SETUP. Atomic Analyst organizes its analysis into clear visual information: • Buy and sell arrows to identify potential entries. • Stop Loss and mul
FX Power MT5 NG
Daniel Stein
5 (33)
FX Power: Analyze Currency Strength for Smarter Trading Decisions Overview FX Power is your go-to tool for understanding the real strength of currencies and Gold in any market condition. By identifying strong currencies to buy and weak ones to sell, FX Power simplifies trading decisions and uncovers high-probability opportunities. Whether you’re looking to follow trends or anticipate reversals using extreme delta values, this tool adapts seamlessly to your trading style. Don’t just trade—trade
Divergence Bomber
Ihor Otkydach
4.89 (94)
Each buyer of this indicator also receives the following for free: The custom utility "Bomber Utility", which automatically manages every trade, sets Stop Loss and Take Profit levels, and closes trades according to the rules of this strategy Set files for configuring the indicator for various assets Set files for configuring Bomber Utility in the following modes: "Minimum Risk", "Balanced Risk", and "Wait-and-See Strategy" A step-by-step video manual to help you quickly install, configure, and
Crystal Heikin Ashi Signals
Muhammad Jawad Shabir
5 (4)
Crystal Heikin Ashi Signals—Professional Trend & Signal Detection Indicator Advanced Heikin Ashi Visualization with Intelligent Signal System for Manual & Automated Trading Final Price: $149 ---------> Price goes up $10 after every 10 sales . Limited slots available — act fast . Overview User Guide PDF Crystal Heikin Ashi Signals is a professional-grade MetaTrader 5 indicator that combines pure Heikin Ashi candle visualization with an advanced momentum-shift detection system. Designed for both m
DayTrader PRO
Davit Beridze
5 (4)
DayTrader PRO (Buy DayTrader PRO and get Another Paid Self Optimizing indicator for FREE as BONUS!) DayTrader PRO is an advanced trading indicator that combines John Ehlers' Laguerre Filter with a powerful Auto-Optimization Engine. Instead of using fixed parameters, the indicator automatically searches for the best settings based on recent market conditions, helping you adapt to changing volatility without constant manual adjustments. The indicator generates clear BUY and SELL signals together
Quant Direction MT5
Georgios Kalomoiropoulos
Quant Direction is a 3 dimensional market analysis tool. It provides a purely objective, algorithmic view of the market by calculating exact percentage-based biases across multiple dimensions simultaneously. Developed utilizing advanced AI modeling tools and subjected to thorough testing, this algorithm is engineered to read the market with unique precision. It can analyze any currency pair or financial instrument available on your platform.  Quant Direction is the ideal tool whether you are a S
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