Price_Volume_Divergence - MetaTrader 5 Script - MT4/MT5 Resources
The indicator Price Volume Divergence compares the size and volume of the current bar and the previous bar and places a signal pointer if there is a difference between them.
It has five tunable parameters:
It is important to note that signal pointers do not indicate the direction of opening a position; they only indicate the type of difference (increase/decrease) between the size and volume of the current candle and the previous candle.
Attachment download
📎 price_volume_divergence.mq5 (13.81 KB)
Source: MQL5 #23533
Price_Volume_Divergence - MetaTrader 5 script usage and filtering suggestions
Price_Volume_Divergence - MetaTrader 5 script is a resource related to Forex indicators. 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 only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
