Better Trading Volume - MetaTrader 5 Script - MQL5 #23479 - MT4/MT5 Resources

Everyone who has studied technical analysis knows that one of the drivers of price changes is volume. Some training courses demonstrate the use of moving averages in volume indicators to monitor volume changes in order to allow traders to identify changes in their behavior. Since a trader must visually track every aspect of his/her trading, he/she can easily miss a breakout of the volume average at that time.

The indicator's recommendation is to display volume data in a very light color that is below the average set by the trader. When that average is exceeded, the bars in the histogram change to full color, green for an uptrend, red for a downtrend...

Please note that this behavior is not necessarily always correct, as we may encounter situations - for example: following the information in the tape reading - where the volume is theoretically in an uptrend, but is absorbed by the sellers, ending in a downtrend...

That said, along with your trading system, I hope this indicator will be helpful to those who trade manually…

Live long and prosper...

Attachment download

📎 minions.bettervolume.mq5 (5.18 KB)

Source: MQL5 #23479