Volume RV indicator download for MetaTrader 5 | Forex indicator download - MT4/MT5 resources

The Volume RV Indicator is a utility tool in technical MetaTrader 5 that gives traders access to seven different volume indices.

This indicator works by displaying a histogram and a moving average line. Traders highlight buying and selling opportunities when the histogram values ​​cross above or below the signal line.

Volume RV indicator

Information related to the Volume RV indicator is provided below.

RV volume indicator at a glance

The Volume RV Indicator is a specialized oscillator for volume trading, designed for traders who analyze market conditions based on volume.

It provides 7 volume indices for market analysis. Trading signals appear as arrows and alerts when the histogram value crosses the signal line, allowing traders to act immediately on buying or selling opportunities.

The supported indices are AD, BWMFI, FORCE, MFI, OBV, WRP and Volumes. Traders can choose strategies according to their own situation.

Uptrend in RV Volume Indicator

On the 15-minute EUR/USD chart, traders can use the Volume RV indicator to analyze volume conditions in detail.
In bullish situations, volume plays a key role in detecting buy signals.

When the histogram crosses the signal line, a buy signal is generated, allowing traders to enter a long position.

RV Volume Indicator Trends Downward

The Volume RV Indicator generated a sell signal on the GBP/USD 1 hour chart. Traders can confirm bearish conditions by monitoring volume trends and apply sell entries accordingly.

When the histogram moves below the signal line, a sell arrow appears on the chart and alerts traders to a bearish setup.

Volume RV indicator settings

The settings for the volume RV indicator are provided below:

• History: The number of candles used for calculation;
• Calculation: Choose from 7 volume indices (AD, BWMFI, MFI, OBV, WRP, Volume, FORCE);
• Reverse: Enable/disable reverse mode. When enabled, index values ​​will be multiplied by -1 and inverted on the chart;
• Period: defines the calculation period;
• Method: Set the calculation method;
• Applied Price: Defines the price basis for index calculation;
• Draw Histogram: Enable/disable display as histogram or line;
• Signal Period: Customize the calculation period of the signal line;
• Signal MA Method: Define the moving average method of the signal line;
• Show Signal Line: Enable/disable signal line display;
• Arrow Gap: defines the distance between the signal arrow and the candle;
• Arrow Size: Define the size of the signal arrow;
• Buy Arrow Color: Set the color of the buy arrow;
• Sell ​​Arrow Color: Set the color of the sell arrow;
• Buy Arrow Code: MQL code that defines the buy arrow;
• Sell ​​Arrow Code: Set the MQL code of the sell arrow;
• Message Alert: Enable/disable message alerts when a signal occurs;
• Sound Alert: Enable/disable sound alert when signal occurs;
• Email Alert: Enable/disable email alerts when a signal occurs;
• Sound File: Set the alarm sound file.

Conclusion

The Volume RV Indicator is a specialized oscillator for forex and crypto traders who use trading volume to analyze the market.

By combining the histogram values ​​with the moving average signal line, it generates buy alerts on breakouts above and sell alerts on breakouts below, providing real-time trading opportunities.