Volume Above Average

Volume Above Average Indicator - MQL5

Introduction

The Volume Above Average Indicator is a custom indicator for the MetaTrader 5 (MQL5) platform that helps traders identify the current trading volume compared to the historical average. The indicator uses three different sensitivity levels to classify volume into weak, medium, and strong, providing a clear visualization of market momentum.

Key Features

  • Displays trading volume in a separate window.
  • Compares the current volume with the historical average.
  • Adjustable sensitivity with three levels: Weak, Medium, and Strong.
  • Color-coded volume intensity:
    • Light Blue (Weak): Slightly above average volume.
    • Blue (Medium): Significantly increased volume.
    • Dark Blue (Strong): A sharp volume spike.
    • Gray: Volume below average.

How to Use

  1. Installation on MetaTrader 5

    • Open MetaTrader 5.
    • Go to File > Open Data Folder.
    • Navigate to MQL5 > Indicators.
    • Copy the VolumeAboveAverage.mq5 file into this folder.
    • Restart MetaTrader 5.
    • Open a chart and add the indicator from Navigator > Indicators > Custom.
  2. Input Parameters

    • Period (Default: 20) - Number of periods for calculating average volume.
    • SensitivityWeak (Default: 1.2) - Multiplier for the weak level.
    • SensitivityMedium (Default: 1.5) - Multiplier for the medium level.
    • SensitivityStrong (Default: 2.0) - Multiplier for the strong level.
  3. How to Read the Indicator

    • When the histogram turns dark blue, the market is experiencing high volatility.
    • If the histogram is light blue or blue, volume is increasing moderately.
    • If the histogram is gray, market activity is low.

Benefits

  • Helps identify high-volatility zones for better trade entries.
  • Useful for volume-based trading strategies.
  • Easily customizable to fit your trading style.

Download & Purchase

The indicator is available on MQL5 Market. Download now to enhance your volume-based trading strategy!



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Indicatore di tendenza, soluzione unica rivoluzionaria per il trading di tendenze e il filtraggio con tutte le importanti funzionalità di tendenza integrate in un unico strumento! È un indicatore multi-timeframe e multi-valuta al 100% non ridipingibile che può essere utilizzato su tutti i simboli/strumenti: forex, materie prime, criptovalute, indici e azioni. Trend Screener è un indicatore di tendenza che segue un indicatore efficiente che fornisce segnali di tendenza a freccia con punti nel gra
Market Structure Order Block Dashboard MT5 è un indicatore per MT5 focalizzato sulla struttura di mercato e sui concetti ICT / Smart Money: HH/HL/LH/LL , BOS , ChoCH , oltre a Order Blocks , Fair Value Gaps (FVG) , liquidità (EQH/EQL, sweeps), sessioni / Kill Zones e un Volume Profile integrato, con una dashboard compatta di confluence. Importante: è uno strumento di analisi . Non esegue operazioni (non è un EA). Bonus per gli acquirenti Dopo l’acquisto, puoi ricevere 2 indicatori bonus (a scel
Crystal Heikin Ashi Signals
Muhammad Jawad Shabir
5 (1)
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 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 manual traders
Trend Forecaster
Alexey Minkov
5 (7)
The Trend Forecaster indicator utilizes a unique proprietary algorithm to determine entry points for a breakout trading strategy. The indicator identifies price clusters, analyzes price movement near levels, and provides a signal when the price breaks through a level. The Trend Forecaster indicator is suitable for all financial assets, including currencies (Forex), metals, stocks, indices, and cryptocurrencies. You can also adjust the indicator to work on any time frames, although it is recommen
Advanced Supply Demand MT5
Bernhard Schweigert
4.53 (15)
La migliore soluzione per qualsiasi principiante o trader esperto! Questo indicatore è uno strumento di trading unico, di alta qualità e conveniente perché abbiamo incorporato una serie di funzionalità proprietarie e una nuova formula. Con questo aggiornamento, sarai in grado di mostrare fusi orari doppi. Non solo potrai mostrare una TF più alta, ma anche entrambe, la TF del grafico, PIÙ la TF più alta: SHOWING NESTED ZONES. Tutti i trader di domanda di offerta lo adoreranno. :) Informazioni imp
Smart Stop Indicator – Precisione intelligente dello stop-loss direttamente sul grafico Panoramica Smart Stop Indicator è la soluzione ideale per i trader che desiderano posizionare il loro stop-loss in modo chiaro e metodico, senza dover indovinare o affidarsi all’intuizione. Questo strumento combina la logica classica del price action (massimi e minimi strutturali) con un moderno riconoscimento dei breakout per identificare il prossimo livello di stop realmente logico. In trend, in range o i
RFI levels PRO MT5
Roman Podpora
3.67 (3)
L'indicatore mostra accuratamente i punti di inversione e le zone di ritorno dei prezzi in cui il       Principali attori   . Vedi dove si formano le nuove tendenze e prendi decisioni con la massima precisione, mantenendo il controllo su ogni operazione. VERSION MT4     -    Rivela il suo massimo potenziale se combinato con l'indicatore   TREND LINES PRO Cosa mostra l'indicatore: Strutture di inversione e livelli di inversione con attivazione all'inizio di un nuovo trend. Visualizzazione dei li
Altri dall’autore
Sonic R Indicator Description Overview The Sonic R Indicator for MT5 is designed to help traders analyze market trends using moving averages and volume analysis. This tool assists in identifying potential price movements by displaying trend zones and volume strength, making it suitable for various trading strategies. Key Features Dual EMA Trend Channels – Uses 34-period Exponential Moving Averages (EMA) to visualize price movement. Volume Analysis – A color-coded histogram to indicate changes i
Origin Gold Sonic R EA – Automated Trading for XAU/USD (1H) Overview Origin Gold Sonic R EA is a fully automated Expert Advisor designed to trade XAU/USD (Gold) on the H1 timeframe using the Sonic R Strategy. This EA intelligently combines trend analysis, volume-based confirmations, and dynamic support/resistance levels to enter and exit trades with precision. Key Features Fully Automated Trading – Executes buy and sell orders without manual intervention. Advanced Trend Detection – Uses moving
G Channels – Efficient Adaptive Channel Indicator Introduction Channel indicators are widely used in technical analysis, offering valuable insights into price movements, trend identification, and volatility. Most channel-based indicators, such as Bollinger Bands and Keltner Channels, rely on a central tendency estimator (e.g., a moving average) combined with a volatility component to define upper and lower bands. The G Channels indicator takes this concept further by leveraging a highly efficie
G Channel EA
Dinh Hoan Luu
G Channel EA – Adaptive Trading Expert Advisor Introduction G Channel EA is an advanced automated trading system that utilizes the G Channels Indicator to execute trades based on market conditions. This EA enhances trading precision by combining trend-following strategies, breakout detection, and EMA 200 filtering to deliver efficient trade execution. By leveraging a recursive calculation method , G Channel EA dynamically adapts to price action, ensuring optimal entry, exit, and risk management
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