VolumePressureinHistogramVPH
- Indicatori
- Parasbhai N Patel
- Versione: 1.0
- Attivazioni: 5
1. Overview
The Volume Pressure Histogram (VPH) is a custom indicator for MetaTrader 5 (MT5) that measures buying and selling pressure based on tick or real volume. It highlights extreme buying/selling moments and provides a smoothed signal line for trend detection.
2. Indicator Components
· Volume Pressure Histogram (Colored):
o Green: Extreme buying pressure
o Lime: Buying pressure
o Red: Extreme selling pressure
o Yellow: Selling pressure
· Signal Line (White):
o Smoothed representation of volume pressure.
3. Inputs / Settings
| Input Parameter | Type | Default | Description |
| InpLength | Integer | 25 | Period for EMA of delta volume. |
| InpThreshold | Double | 20.0 | Threshold to identify extreme buying/selling pressure. |
| InpSignalSmooth | Integer | 8 | Period for smoothing the signal line (EMA). |
| InpUseLogScale | Boolean | false | Enable logarithmic scaling of histogram values. |
| InpUseTickVolume | Boolean | true | Use tick volume if true, otherwise real volume. |
- How to Use
· Green Histogram: High bullish pressure → potential upward continuation
· Red Histogram: High bearish pressure → potential downward continuation
· Lime/Yellow Histogram: Moderate pressure → consolidation or minor trend
· Signal Line: Helps smooth out histogram noise and confirm trend direction
Trading Tips: - Combine VPH with trend indicators or support/resistance levels. - Look for divergence between price and VPH signal line for potential reversals. - Use alerts to catch extreme buying/selling moments.
