Relative Volume MT4

4

Relative Volume or RVOL is an indicator that averages the volume of X amount of days, making it easy to compare sessions volumes.


The histogram only has 3 colors:

Green - Above average volume

Yellow - Average volume

Red - Below average volume


The default setting is 20 days, which corresponds more or less to a month of trading.

With the data obtained from this indicator you can better gauge the commitment behind a move. For example, you will be better equipped to judge if a breakout of a range or the penetration of an important level really has big volume behind it supporting that move (and you can apply the same concept to judge the force of an impulsive move and it´s pullback).

Check the comments section for high resolution example images.

PS: If the histogram starts to look weird as you scroll back to the past, it means you need more historical data. So scroll back as far as you can then reload the timeframe and the histogram will recalculate.

Reviews 1
rbhurst
49
rbhurst 2023.06.13 19:57 
 

After someone explained how to use the indicator, I like it a lot!

Recommended products
Overview The script displays information about the trade account: Account - account number and type (Real or Demo); Name - name of the account owner; Company - name of a company that provide the access to trading; Server - trade server name; Connection State - connection state; Trade Allowed - shows whether trading is allowed on the account at the moment; Balance - account balance; Equity - account equity; Credit - amount of credit; Profit - profit size; Free Margin - free margin on the account;
FREE
Colored Candle Time
Saeed Hatam Mahmoudi
Candle Time (MT4) The Candle Time indicator shows the remaining time for the current candle on the active chart timeframe. It adapts automatically to the chart period and updates on every tick. This is a charting utility; it does not provide trading signals and does not guarantee any profit. Main functions Display the time remaining for the current candle on any timeframe (M1 to MN). Color-coded state: green when price is above the open (up), gray when unchanged, and red when below the open (do
FREE
This simple indicator paints with a darker color on the volume bar when the quantity traded is above the average of select number of periods of the volume itself, highlighting the moments when there was a large volume of deals above the average. It is also possible to use a configuration of four colors where the color tone shows a candle volume strength. The indicator defaults to the simple average of 20 periods, but it is possible to change to other types of averages and periods. If you like t
FREE
Extremum Reverse Bar
Yurij Izyumov
2.8 (5)
This indicator has been created for finding the probable reversal points of the symbol price. A small candlestick reversal pattern is used it its operation in conjunction with a filter of extremums. The indicator is not redrawn! If the extremum filter is disabled, the indicator shows all points that have a pattern. If the extremum filter is enabled, the condition works – if the history Previous bars 1 candles back contains higher candles and they are farther than the Previous bars 2 candle, such
FREE
The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1 minute. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: TOKYO section (Half end) and LONDON section (First half) Currency pairs: EUR/USD Working time frame: M1 Expiration time: 1 minute. The indicator also shows good results when using
FREE
Swing High Low MT4
Suvashish Halder
1 (1)
The   Swing High Low Indicator   is an essential tool for traders who rely on price action. It automatically marks key reversal points (swing highs in red, swing lows in green), helping you visualize trends, spot breakouts, and draw precise trendlines. By highlighting these critical levels, the indicator reveals market structure shifts—whether the trend is strengthening, reversing, or entering consolidation. Perfect for all timeframes and strategies, it turns raw price data into actionable tradi
FREE
This indicator help to mark the high and low of the session Asian,London,Newyork , with custom hour setting This indicator is set to count from minute candle so it will move with the current market and stop at the designated hour and create a accurate line for the day. below is the customization that you can adjust : Input Descriptions EnableAsian Enables or disables the display of Asian session high and low levels. EnableLondon Enables or disables the display of London session high and
FREE
Shadow System Candles - AI Trend Visualization Concept "Stop trading in the dark. Equip your chart with Night Vision." Shadow System Candles is the visual core of the "Shadow Operation" project. It eliminates market noise and visualizes the true direction of the trend using AI-based logic (ADX + MA integration). Note: This tool does not generate buy/sell arrows. It is designed to train your eyes to recognize "Active Trends" and "Dangerous Ranges. Key Features ・AI Logic Coloring[/b]: Automat
FREE
Time Session OPEN-HIGH-LOW-CLOSE This Indicator Will Draw Lines Of OHLC Levels Of Time Session Defined By User. It Will Plot Floating Lines On Current Day Chart. Time Session Can Of Current Day Or Previous Day. You Can Plot Multiple Session Lines By Giving Unique ID To Each Session. It Can Even Show Historical Levels Of Time Session Selected By User On Chart To Do Backdating Test. You Can Write Text To Describe The Lines.
FREE
Spread Sekanas: The True Cost of Your Trade Stop guessing with pips and points. Start seeing the real , proportional cost of the spread with the Spread Sekanas indicator. The traditional spread, measured in pips, is misleading. A 2-pip spread on EUR/USD is completely different from a 2-pip spread on GBP/JPY or a $2 spread on Gold. This makes it impossible to consistently compare your real trading costs across different instruments. The Spread Sekanas indicator solves this problem by measuring th
FREE
An indicator for visualizing time ranges of key trading sessions: Asian, European, and American. The indicator features functionality for setting the start and end times of each trading session, as well as an adjustable timezone of the trading server. The main advantages of the indicator include the ability to operate with minimal CPU load and memory usage. Moreover, it offers the option to specify the number of displayed historical days, providing the user with flexible market dynamics analysis
FREE
Renko bars builder
Navdeep Singh
4.2 (5)
The indicator builds a Renko chart in the sub window for the current symbol. The bars are formed from live data and the desired bar size can be set in the inputs tab. Most importantly, because the Renko chart only uses price to construct bars and ignores time, the indicator can be applied to any time frame and same results can be achieved. Recommended usage As Renko charts are famous for eliminating noise so traders can use this tool to see clear picture of the trend to help their analysis, entr
FREE
Pin Bars
Yury Emeliyanov
5 (4)
Main purpose: "Pin Bars" is designed to automatically detect pin bars on financial market charts. A pin bar is a candle with a characteristic body and a long tail, which can signal a trend reversal or correction. How it works: The indicator analyzes each candle on the chart, determining the size of the body, tail and nose of the candle. When a pin bar corresponding to predefined parameters is detected, the indicator marks it on the chart with an up or down arrow, depending on the direction of
FREE
Candle GAP
Thushara Dissanayake
3 (1)
The Candle GAP indicator is an essential tool for traders utilizing Gap Trading Strategies as it automatically identifies candle gaps for each day of the week. A gap refers to a price level difference between the close and open of two consecutive days. This indicator recognizes four types of gap patterns: Common, Breakaway, Continuation, and Exhaustion. By incorporating this indicator into any chart, traders can validate their signals and enhance their trading decisions. One of the key features
FREE
Squeeze Indicator
Federico Quintieri
The one and only indicator that identifies Volatility Squeeze. A Squeeze is a compression of volatility in the market. If this compression of volatility reaches a certain percentage it means that the market could explode in moments. I highly recommend using the indicator in conjunction with the economic calendar. If there are important news and the indicator shows a  BLUE HISTOGRAM  on the exchange in question, a sign of a powerful compression of volatility. Then get ready to grasp the next
FREE
Toby Strategy Indicator
Ahmd Sbhy Mhmd Ahmd ʿYshh
The indicator rely on The Toby strategy >> The mother candle which is bigger in range than the previous six candles. A vertical line shows the last Toby Candle with the targets shown up and down. The strategy is about the closing price out of the range of the toby candle to reach the 3 targets..The most probable to be hit is target1 so ensure reserving your profits and managing your stop lose.
FREE
Features: 1- Get OB/OS Levels from Golden MA Levels 2- Wait for Buy/Sell Start Level Cross 3- Optional: Should price cross Mid Level in earlier bars 4- Optional: Crossing bar High/Medium Volume 5- Optional: MA Stacked to check up/down trend for current TF 6- Optional: NRTR higher timeframes aligned Check Detailed blog post explained: https://www.mql5.com/en/blogs/post/758457 Levels with Buffers available here: Golden MA Levels Indicator: https://www.mql5.com/en/market/product/119515 Note: Arr
FREE
The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1 minute. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: LONDON and NEWYORK section Currency pairs: GRB/USD Working time frame: M1 Expiration time: 1 minute. The indicator also shows good results when using the martingale strategy - "Mar
FREE
Railway Tracks Pattern — Reversal Pattern Indicator Railway Tracks Pattern is an indicator that automatically detects a powerful two-candle reversal pattern on the chart. It looks for two candles with opposite directions (bullish and bearish), similar in size, and with minimal wicks — a clear sign of momentum shift. How it works: The first candle is strong and directional. The second candle moves in the opposite direction and is of similar size. Both candles have small shadows (wicks). The
FREE
ControlPoints Indicator Purpose: Identifies Control Points (CP) — local extremums (fractals) on the chart. Upper CPs are local highs, lower CPs are local lows. Displayed on the chart as diamond markers. No-Repaint: The indicator does not repaint. A CP at bar i is only confirmed when all bars in the window [i − BarsBefore, i + BarsAfter] are closed. The forming (current) bar is never evaluated. Once confirmed, the value is never recalculated. Detection Logic Upper CP: high[i] is strictly greater
FREE
RSI Extreme Zone
Alexander Chertnik
4.4 (5)
The indicator highlights the value in "over Sold" and "over Bought" zones. in addition, arrow indicates the return of the value from the extreme zone. Indicator can be easily customized by the user including change of colors, with, levels and arrows. Combination with other market signals and analysis is necessary and provides more stable results. Alert is also available for user.
FREE
Virtual Targets
Hoang Van Dien
3.83 (6)
This indicator is very useful for day traders or short term traders. No need to calculate the number of pips manually, just look at the chart and you will see the Virtual Take Profit / Virtual Stop Loss target line and evaluate whether the entry point is feasible to reach the intended target or not. Enter the intended Take Profit / Stop Loss pips for your trade. The indicator will display Virtual Take Profit / Virtual Stop Loss lines for you to easily see if the target is feasible or not.
FREE
The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1 minutes. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: London and New York section Currency pairs: AUD/CAD Working time frame: M1 Expiration time: 1 minute The indicator also shows good results when using the martingale strategy - "Ma
FREE
Pivot Point Fibo RSJ is an indicator that traces the support and resistance lines of the day using Fibonacci rates. This spectacular indicator creates up to 7 levels of support and resistance through Pivot Point using Fibonacci rates. It is fantastic how the prices respect each level of this support and resistance, where it is possible to perceive possible entry/exit points of an operation. Features Up to 7 levels of support and 7 levels of resistance Set the colors of the levels individually
FREE
UPD1 D Levels
Vitaliy Kuznetsov
5 (3)
Levels indicator based on the previous day. Mathematical formula determines entry and exit levels.  Trading recommendations. Levels are traded at the beginning of the European session when volatility appears. In case of insufficient volatility use half of take profit to exit. If the price reversed at half take profit, then on the reversal look for a target also at the level of half take profit. If the price bounced from the entry level, then in the opposite direction the price can reach the se
FREE
PDHL – simply displays the highs and lows of previous days directly on your chart, providing a quick and visual reference of past key levels. The indicator is lightweight and easily customizable , allowing you to adjust the number of days displayed, the colors, as well as the style and thickness of the lines to suit your preferences. It is designed to be simple and practical, but may not work on all instruments or platforms . Only teste Tested only with CFDs
FREE
MASi Three Screens
Aleksey Terentev
5 (2)
MASi Three Screens is based on the trading strategy by Dr. Alexander Elder. This indicator is a collection of algorithms. Algorithms are based on the analysis of charts of several timeframes. You can apply any of the provided algorithms. List of versions of algorithms:     ThreeScreens v1.0 - A simple implementation, with analysis of the MACD line;     ThreeScreens v1.1 - A simple implementation, with analysis of the MACD histogram;     ThreeScreens v1.2 - Combines the first two algorithms in
FREE
The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1 minutes. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: London and New York section Currency pairs: EUR/GRB Working time frame: M1 Expiration time: 1 minute The indicator also shows good results when using the martingale strategy - "M
FREE
UPD1 Watermark MT4
Vitaliy Kuznetsov
5 (2)
The indicator shows any text and any image on the chart, and can also output the information requested by macros. There are three text blocks and one block for images. Available font selection, size, color, indentation and positioning. If you want to brand your screenshots or display the necessary information on a graph, then UPD1 Watermark will be a very useful tool. Description of settings. Text Settings (3 blocks). Text 1, 2, 3 – enter the text and, or a macro. Font Name – write the font n
FREE
This indicator allows to analyze a chart using the rule of supple and demand. You will see zones of sales and purchases and determine the most profitable points to open positions. The indicator is based on the principle of market fractality. Chart zones show places where a strong buyer or seller has made the price reverse and change its direction. The indicator has several types of zones calculation. Color and type of zones displaying are set as desired. The zone width can be displayed in pips.
FREE
Buyers of this product also purchase
Gann Made Easy
Oleg Rodin
4.83 (160)
Gann Made Easy is a professional and easy to use Forex trading system which is based on the best principles of trading using the theory of W.D. Gann. The indicator provides accurate BUY and SELL signals including Stop Loss and Take Profit levels. You can trade even on the go using PUSH notifications. PLEASE CONTACT ME AFTER PURCHASE TO GET TRADING  INSTRUCTIONS AND GREAT EXTRA INDICATORS   FOR FREE! Probably you already heard about the Gann trading methods before. Usually the Gann theory is a ve
M1 Sniper
Oleg Rodin
5 (21)
M1 SNIPER is an easy to use trading indicator system. It is an arrow indicator which is designed for M1 time frame. The indicator can be used as a standalone system for scalping on M1 time frame and it can be used as a part of your existing trading system. Though this trading system was designed specifically for trading on M1, it still can be used with other time frames too. Originally I designed this method for trading XAUUSD and BTCUSD. But I find this method helpful in trading other markets a
Scalper Inside PRO
Alexey Minkov
4.74 (69)
12% OFF EASTER SALE An exclusive indicator that utilizes an innovative algorithm to swiftly and accurately determine the market trend. The indicator automatically calculates opening, closing, and profit levels, providing detailed trading statistics. With these features, you can choose the most appropriate trading instrument for the current market conditions. Additionally, you can easily integrate your own arrow indicators into Scalper Inside Pro to quickly evaluate their statistics and profitabi
Ultimate Sniper Dashboard
Hispraise Chinedum Abraham
4.82 (22)
Currently on massive July Discount! Prices will increase in the future! Read description below! Once you purchase, send a message to my inbox for manual and starter kit. Best Entry System for Ultimate Sniper Dashboard: ULTIMATE DYNAMIC LEVELS. (Please Check my products) The Ultimate Sniper Dashboard ONLY works on live markets due to MT4 multicurrency testing limits. Introducing the Ultimate-Sniper Dashboard! Our very best which contains both HA-Sniper, MA-Sniper. and many special modes. The Ul
Market Makers
Mohamed Hassan
5 (3)
After purchase, contact me privately to receive 1 month of free testing with EA Forex Proton! This advanced MT4 trading robot automatically executes signals from any MT4 indicator, including Market Makers. The latest version also includes AI integration, allowing each trade signal to be analyzed using Artificial Intelligence. Live Signal with EA Forex Proton: Click here Market Makers is a powerful price action trading system designed to identify high-probability Buy and Sell opportunities based
Trend Screener
STE S.S.COMPANY
4.79 (95)
Trend Screener Indicator --Professional Trend Trading & Market Scanning System for MetaTrader Unlock the true power of trend trading with Trend Screener Indicator — a complete multi-currency, multi-timeframe trend analysis solution   powered by Fuzzy Logic,Trend Pulse Technology  and advanced market structure algorithms.   Trend Screener transforms your MetaTrader platform into a professional-grade Trend Analyzer and Market Scanner, helping you identify high-probability trend opportunities, ear
Atomic Analyst
Issam Kassas
5 (5)
First of all Its worth emphasizing here that this Trading Indicator is   Non-Repainting , Non Redrawing and Non Lagging Indicator   Indicator, Which makes it ideal from both manual and robot trading.  User manual: settings, inputs and strategy . The Atomic Analyst  is a PA Price Action Indicator that uses Strength and Momentum of the price to find a better edge in the market. Equipped with Advanced filters which help remove noises and false signals, and Increase Trading Potential. Using Multiple
Super Signal – Skyblade Edition Professional No-Repaint / No-Lag Trend Signal System with Exceptional Win Rate | For MT4 / MT5 It works best on lower timeframes, such as 1-minute, 5-minute, and 15-minute charts. Core Features: Super Signal – Skyblade Edition is a smart signal system designed specifically for trend trading. It applies a multi-layered confirmation mechanism to detect only strong, directional moves supported by real momentum. This system does not attempt to predict tops or bottoms
Trend indicator AI
Ramil Minniakhmetov
4.53 (83)
Trend Ai indicator is great tool that will enhance a trader’s market analysis by combining trend identification with actionable entry points and reversal alerts.  This indicator empowers users to navigate the complexities of the forex market with confidence and precision Beyond the primary signals, Trend Ai indicator identifies secondary entry points that arise during pullbacks or retracements, enabling traders to capitalize on price corrections within the established trend. Important Advantage
Introducing ON Trade Waves Patterns Harmonic Elliot Wolfe, an advanced indicator designed to detect various market patterns using both manual and automated methods. Here's how it works: Harmonic Patterns: This indicator can identify harmonic patterns that appear on your chart. These patterns are essential for traders practicing harmonic trading theory, as popularized by Scott Carney's book "Harmonic Trading vol 1&2." Whether you draw them manually or rely on automated detection, ON Trade Waves
The " Dynamic Scalper System " indicator is designed for the scalping method of trading within trend waves. Tested on major currency pairs and gold, compatibility with other trading instruments is possible. Provides signals for short-term opening of positions along the trend with additional price movement support. The principle of the indicator. Large arrows determine the trend direction. An algorithm for generating signals for scalping in the form of small arrows operates within trend waves.
PRO Renko System
Oleg Rodin
5 (30)
PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
TPSpro RFI Levels
Roman Podpora
4.86 (28)
INSTRUCTIONS RUS   /   INSTRUCTIONS   ENG   -   VERSION  MT5 Main functions: Displays active zones of sellers and buyers! The indicator displays all the correct first impulse levels/zones for purchases and sales. When these levels/zones are activated, where the search for entry points begins, the levels change color and are filled with certain colors. Arrows also appear for a more intuitive perception of the situation. LOGIC AI - Display of zones (circles) for searching entry points when activa
BTMM State Engine Pro is a MetaTrader 4 indicator for traders who use the Beat The Market Maker approach: Asian session context, kill zone timing, level progression, peak formation detection, and a multi-pair scanner from a single chart. It combines cycle state logic with a built-in scanner dashboard so you do not need the same tool on many charts at once. What it does Draws the Asian session range; session times can follow broker server offset or be set in inputs. Tracks level progression (L
Linear Trend Predictor - A trend indicator that combines entry points and direction support lines. It works on the principle of breaking through the High/Low price channel. The indicator algorithm filters market noise, takes into account volatility and market dynamics. Indicator capabilities Using smoothing methods, it shows the market trend and entry points for opening BUY or SELL orders. Suitable for determining short-term and long-term market movements by analyzing charts on any timeframes.
Trading Special –40% OFF Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual: click here That's the first one, the original! Don't buy a
Easy Breakout
Mohamed Hassan
4.71 (14)
After your purchase, feel free to contact me for more details on how to receive a bonus indicator called VFI, which pairs perfectly with Easy Breakout for enhanced confluence!    Easy Breakout is a powerful price action trading system built on one of the most popular and widely trusted strategies among traders: the Breakout strategy ! This indicator delivers crystal-clear Buy and Sell signals based on breakouts from key support and resistance zones. Unlike typical breakout indicators, it levera
Volatility Trend System - a trading system that gives signals for entries. The volatility system gives linear and point signals in the direction of the trend, as well as signals to exit it, without redrawing and delays. The trend indicator monitors the direction of the medium-term trend, shows the direction and its change. The signal indicator is based on changes in volatility and shows market entries. The indicator is equipped with several types of alerts. Can be applied to various trading ins
Trend Lines PRO
Roman Podpora
5 (1)
TREND LINES PRO    helps understand where the market is truly changing direction. The indicator shows real trend reversals and points where major players re-enter. You see   BOS lines   Trend changes and key levels on higher timeframes — without complex settings or unnecessary noise. Signals don't repaint and remain on the chart after the bar closes. VERSION MT 5     -     Reveals its maximum potential when paired with the   RFI LEVELS PRO  indicator What the indicator shows: Real shifts   tren
GOLD Impulse with Alert
Bernhard Schweigert
4.67 (12)
This indicator is a super combination of our 2 products  Advanced Currency IMPULSE with ALERT  and  Currency Strength Exotics . It works for all time frames and shows graphically impulse of strength or weakness for the 8 main currencies plus one Symbol! This Indicator is specialized to show currency strength acceleration for any symbols like Gold, Exotic Pairs, Commodities, Indexes or Futures. Is first of its kind, any symbol can be added to the 9th line to show  true currency strength accelerat
Order Block Hunter
Noha Mohamed Fathy Younes Badr
5 (10)
Order block hunter indicator is the best indicator for  hunt the order blocks that area where there has been a large concentration of limit orders waiting to be executed Order blocks are identified on a chart by observing previous price action and looking for areas where the price experienced significant movement or sudden changes in direction .This indicator does that for you by using very complicated codes and helps you to take the best areas To buy and sell because it make marks at the best a
- Real price is 80$ - 40% Discount (It is 49$ now) Contact me for instruction, add group and any questions! - Non-repaint - I just sell my products in Elif Kaya profile, any other websites are stolen old versions, So no any new updates or support. - Lifetime update free Related product:   Bitcoin Expert Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is designed to help tr
KT Gaussian Trend Filter MT4
KEENBASE SOFTWARE SOLUTIONS
The KT Gaussian Trend Filter combines Gaussian filtering with linear regression smoothing to deliver clear and accurate trend analysis. It generates easy-to-follow buy and sell signals while effectively highlighting the market's long-term direction. Features Fully Customizable Gaussian Filter: Adjust length and pole settings to fine-tune smoothing precision and enhance trend clarity. Linear Regression Enhancement: Further refines the Gaussian smoothing, minimizing false signals caused by market
Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me The Volumetric Order Blocks Multi Timeframe indicator is a powerful tool designed for traders who seek deeper insights into market behavior by identifying key price areas where significant market participants accumulate orders. These areas, known as Volumetric Order Blocks, can serve as
Advanced Supply Demand
Bernhard Schweigert
4.91 (299)
Trading Special – 40% OFF Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the pot
Route Lines Prices is an indicator designed for finding price directions. Its simple interface contains multiple algorithms for price behavior and future direction calculations. These algorithms include volatility calculations and price smoothing based on the timeframes used. The indicator has a single parameter for changing the " Calculating Price Values " value. The default value of 1 provides a balanced automatic calculation, which can be used without manually configuring the indicator. By m
Stratos Pali
Michela Russo
4.43 (7)
Stratos Pali Indicator   is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost! Dow
Trading Special – 40% OFF Best Solution for any Newbie or Expert Trader! This dashboard software is working on 28 currency pairs plus one. It is based on 2 of our main indicators (Advanced Currency Strength 28 and Advanced Currency Impulse). It gives a great overview of the entire Forex market plus Gold or 1 indices. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all (9) timeframes. Imagine how your trading will improve when you can watch
Daily Candle Predictor is an indicator that predicts the closing price of a candle. The indicator is primarily intended for use on D1 charts. This indicator is suitable for both traditional forex trading and binary options trading. The indicator can be used as a standalone trading system, or it can act as an addition to your existing trading system. This indicator analyzes the current candle, calculating certain strength factors inside the body of the candle itself, as well as the parameters of
Volumatic Fair Value Gaps   is a precision-engineered indicator for identifying, analyzing, and visualizing   Fair Value Gaps (FVGs)   backed by volume intelligence. This tool goes beyond standard FVG plotting by dissecting volume dynamics inside each gap using   lower-timeframe sampling , offering clear insight into whether bulls or bears dominate the imbalance. Designed for technical traders, this indicator overlays high-probability gaps only, visualizes   bullish vs. bearish volume compositio
More from author
Forex Master Pattern
Alberto Gauer Borrego
4.92 (12)
The Forex Master Pattern  is an alternative form of technical analysis that provides a framework which will help you to find and follow the hidden price pattern that reveals the true intentions of financial markets. This algorithm here does a good job detecting the Phase 1 of the Forex Master Pattern cycle, which is the contraction point (or Value).  On Phase 2 we get higher timeframe activation (also called Expansion), which is where price oscillates above and below the average price defined
Cipher B Divergences
Alberto Gauer Borrego
4.8 (5)
Finally a Metatrader version of the very popular (and expensive) Market Cipher B indicator, or the Vumanchu Cipher B + Divergences very popular on Tradingview platform. This tool is very heavy on calculations, total are 31 plots using 97 buffers from several indicators. On my mid end computer, timeframes below M15 start getting a bit laggy, so it would require a powerful computer to run it properly at very low timeframes. It's still usable here, but somewhat sluggish response in Metatrader (lik
FREE
Forex Master Pattern MT4
Alberto Gauer Borrego
4.67 (21)
The Forex Master Pattern  is an alternative form of technical analysis that provides a framework which will help you to find and follow the hidden price pattern that reveals the true intentions of financial markets. This algorithm here does a good job detecting the Phase 1 of the Forex Master Pattern cycle, which is the contraction point (or Value).  On Phase 2 we get higher timeframe activation (also called Expansion), which is where price oscillates above and below the average price defined
Relative Volume RVOL
Alberto Gauer Borrego
4.67 (3)
Relative Volume or RVOL   is an indicator that averages the volume of X amount of days, making it easy to compare sessions volumes. The histogram only has 3 colors: Green - Above average volume Yellow - Average volume Red - Below average volume The default setting is 20 days, which corresponds more or less to a month of trading. In this version is possible to choose between tick and real volumes (if you are using a broker which offers future contracts) With the data obtained from this in
FREE
ICT Power of 3
Alberto Gauer Borrego
One of the most powerful and important ICT concepts is the Power of 3. It explains the IPDA (Interbank Price Delivery Algorithm) phases. PO3 simply means there are 3 things that the market maker's algorithm do with price: Accumulation, Manipulation and Distribution ICT tells us how its important to identify the weekly candle expansion and then try to enter above or below the daily open, in the direction of the weekly expansion. This handy indicator here helps you keep track of the weekly and
Tick and Range Bars Generator
Alberto Gauer Borrego
5 (1)
This utility here gives you a lot of bang for your buck by being a 2 in 1 custom candles generator. For the price of 1 utility, you get 2 !! It creates offline charts that will behave like a live chart. It has 2 modes of operation: Tick and Range These are not time based charts. They will enhance your analysis giving you an edge by filtering a lot of useless and confusing price noise, leaving behind the most important price levels/market structure. When set to "Tick" mode, it will generate
ICT Power of 3 MT5
Alberto Gauer Borrego
5 (1)
One of the most powerful and important ICT concepts is the Power of 3. It explains the IPDA (Interbank Price Delivery Algorithm) phases. PO3 simply means there are 3 things that the market maker's algorithm do with price: Accumulation, Manipulation and Distribution ICT tells us how its important to identify the weekly candle expansion and then try to enter above or below the daily open, in the direction of the weekly expansion. This handy indicator here helps you keep track of the weekly and
Crosshair Local Time
Alberto Gauer Borrego
If you ever wanted to know your local time (or NY time) at any bar on the chart without needing to waste time with mental calculations, look no further. This indicator creates a crosshair which you can drag anywhere on the chart and will show you the local time in a label on top of the time axis. Press the "c" key to show/hide the crosshair. Left click it to pick it up and drag anywhere, left click again let it go. You can't hide the crosshair without letting it go first. Time setting inputs
This utility solves the problem of Metatrader not having the capacity to create custom session times, all markets are displayed forcefully in a 24h format. Lots of traders prefer to ignore the overnight action and focus only on NY session and use the overnight gaps as part of their trading strategy. ICT teaches this as "opening range gap", it's the gap between NY session end (16:15) and NY session start (09:30). The default setting in this utility reflects the RTH (Regular Trading Hours) opti
Seconds Timeframe MT5
Alberto Gauer Borrego
If you want a reliable seconds chart that works properly, look no further. This utility here uses tick data to create a precise seconds chart. You just need to load it on a M1 chart and choose how many seconds you want the chart to be. The utility creates an offline chart that gets updated on every tick so it behaves as if it were a live chart. It receives tick data so you can load custom indicators on it.  It's not possible to trade from the seconds chart. The screenshots below show a 30 se
Filter:
rbhurst
49
rbhurst 2023.06.13 19:57 
 

After someone explained how to use the indicator, I like it a lot!

Reply to review