SonicR VSA Indicator Download for MetaTrader 5 - Free - MT4/MT5 Resource

The SonicR VSA indicator is one of the volume trading indicators for MetaTrader 5, allowing traders to analyze volume changes in the market.

This indicator uses a histogram to display volume changes in four colors: green, red, blue and gray. Therefore, it is a unique tool for traders who base their trading on it. trading strategies market quantity.

SonicR VSA Metrics Table

The following table outlines the general specifications of this indicator:

Indicators at a glance

The SonicR VSA Indicator is a tool specifically designed for traders who can adjust their trading strategies based on changes in market volume, identify market trends and execute trades accordingly.

Utilizing its unique algorithm, this indicator allows traders to perform a deeper analysis of market volume and price trends while also detecting volume differences. These features improve decision-making accuracy and provide deeper insights into market behavior.

Uptrend

On the 15-minute chart of AUD/CAD, the price is showing increasing volume, which traders can analyze using the SonicR VSA indicator to identify an uptrend.

The indicator shows growing green bars in volume relative to the last 20 candles, indicating increasing buying volume and demand pressure in the market.

Additionally, blue bars appear, indicating above-average volume. This feature simplifies and enhances the identification of bullish trading opportunities.

Downtrend

On the GBP/JPY 30-minute chart, the SonicR VSA indicator shows red bars, indicating selling pressure in the market.

A red bar appears when the selling volume exceeds the last 20 candles and the candle is bearish. Gray bars also show candles that represent medium volume.

SonicR VSA indicator settings

The following are the relevant settings for SonicR VSA indicators :

• Averaging Period: Select the number of candles used to calculate the average;
• Above Average Factor: Factor for selecting higher volume detection;
• Voice Alert On: enable/disable voice alert;
• Text Alert On: enable/disable text alerts;
• Display indicator abbreviation: enable/disable the volume parameter in the oscillator window;
• Analysis Go Back: Select the period used to identify historical peak trading volume.

Conclusion

The SonicR VSA indicator is one of the MetaTrader 5 indicators that uses a histogram to display volume changes in the market. This oscillator simplifies volume analysis with colored bars Technical analysis :

• Green bars: indicate an increase in buying relative to the last 20 candles;
• Red bars: represent the increase in sales during the same period;
• Blue bars: Indicates trading volume is above average;
• Gray bars: Indicates normal candles with no significant changes.