You can now download the Price Volume Analysis MT5 Indicator for free on AtoZ Markets indicators gallery.
The Price Volume Analysis MT5 indicator displays a color-coded volume histogram that is based on price volume. It plots in a separate panel below the underlying asset's price chart. Five colored histogram bars are used to show five market states.
- Rising volumes on a bullish candlestick: Light Green Histogram Bar
- Rising volumes on a bearish candlestick: Orange Histogram Bar
- Extreme volumes on a bullish-themed candlestick: Green Histogram bar
- Extreme volumes with a bearish candlestick. Red Histogram bar
- Neutral volumes: Gray Histogram Bar.
Price Volume Analysis MT5 indicator can be used to confirm bullish or bearish price actions of any liquid financial instrument. It is best used on chart timescales of H1 or higher.
Timeframe: H1 and higher
Currency Pairs: any
Trading Session: any
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How to download and install an indicator?
In order to install the indicator on your MT5 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into MT5>Indicator folder of the MetaTrader5 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Price Volume Analysis MT5 Indicator” template to apply it on the chart.
Note: This indicator was developed by Jack. AtoZ Markets does not carry any copyrights over this trading tool.
Should you use the price volume analysis indicator on your own at all?
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