Mean Volume indicator for MT5

Mean Volume

Most indicators are based on price analysis.
This indicator is based on volume. Volume is overlooked piece of information in most trading systems.
And this is a big mistake since volume gives important information about market participants.
Mean Volume is an indicator that can be used to spot when volume is above average.
It usually means that institutional traders are active.
Peak in volume can be used to confirm an entry since increased volume can sustain the move in one or another direction.
The indicator code volume with colors indicating bullish and bearish move in the price action.
You could enhance dramatically your trading system using volume analysis. 

Inputs of the indicator are:

  • Period: period to be used to calculate normalized volume

Trading requires an edge over the market. Volume could be your edge over other participants who do not use volume.
The indicator can be used with any time frame.
The indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities, and Cryptos.

Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:
All our indicator are developed both for MT4 and MT5.

List of all our indicators:
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The Oracle Pro: Motor de Viés Multi-Timeframe Sintético para MT5 ️ Oferta de Lançamento de Verão — Adquira o The Oracle Pro por USD 199 (primeiros compradores). O preço sobe com a tração; preço final USD 399. The Oracle Pro é um motor de viés multi-timeframe premium para MetaTrader 5, criado para traders exigentes e profissionais. Responde com disciplina a uma pergunta: qual é o viés direcional em cada timeframe agora, qual a sua força e quanto os timeframes concordam? Tudo é calculado apenas e
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Mahra Pro Indicator MT5 Overview Mahra Pro is a MetaTrader 5 chart indicator designed to support structured analysis of XAUUSD (Gold). It combines trend, momentum, volatility and price-structure conditions to identify potential buy and sell setups and display them directly on the chart. The indicator does not open, modify or close trades. All trading decisions and order execution remain under the user's control. Main features • Buy and sell signal arrows on the chart. • Fast and slow EMA lines w
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5 (12)
Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all possible timeframes. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all possible timeframes 3. Search for patterns of all possible sizes. From the smallest to the largest 4. All fou
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Smart Market Structure Pro by G-Labs — ICT and Smart Money Concepts toolkit with built-in multi-symbol scanner for MetaTrader 5. Break of structure, change of character, order blocks, fair value gaps, liquidity sweeps, premium and discount zones, ICT sessions, confluence scoring, AI trade ideas, and a traffic-light scanner across up to 30 pairs and four timeframes from one chart. Map SMC and ICT on the active chart while the built-in scanner monitors your full watchlist. Each cell shows BUY, S
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Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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