You can now download the Price Volume Analysis MT5 Indicator for free on AtoZ Markets indicators gallery.
Price Volume Analysis MT5 Indicator displays a color-coded volume histogram based on the price volume. It plots in a separate pane below the underlying asset price chart. The indicator depicts five market states through five distinctly colored histogram bars:
- Rising volumes on a bullish candlestick: Light Green Histogram Bar
- Rising volumes on a bearish candlestick: Orange Histogram Bar
- Extreme volumes on a bullish candlestick: Green Histogram Bar
- Extreme volumes on a bearish candlestick: Red Histogram Bar
- Neutral volumes: Gray Histogram Bar.
Price Volume Analysis MT5 Indicator can be applied for confirming bullish or bearish price action of any liquid financial instrument, ideally on chart time scales of H1 and higher.
Timeframe: H1 and higher
Currency Pairs: any
Trading Session: any
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.