ExVol - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Alex Seed (executor)
ExVol calculates the difference (in points) between the sum of up and down candlesticks in a given interval.
The 0 level of the indicator means that the number of rising and falling candlesticks is equal. Typically, an upward crossing zero mark indicates the beginning of an upward movement, and a downward crossing zero mark indicates the beginning of a downward movement. This indicator can also be used as a signal to close a position if its value starts to approach zero.
The indicator was first implemented in MQL4 and released in the code base on December 22, 2006.
Figure 1. ExVol indicator
Attachment download
📎 exvol.mq5 (10.16 KB)
Source: MQL5 #6984
ExVol - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
ExVol - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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