MT4 Time Segmented Volume Indicator Download - Free - [TFlab] | Forex Indicator Download - MetaTrader 4 Resources

On July 22, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Time Scaled Volume (TSV) indicator , among the MetaTrader 4 indicators , is used to evaluate liquidity inflows and outflows for an asset over various timeframes .

The TSV indicator appears as an oscillator in the lower window of the chart, around the zero line . A rise in the oscillator above the zero line indicates an uptrend and an increase in demand .

Conversely, a drop in the bar chart from above to below the zero line may signal the beginning of a trend. downtrend and selling pressure increases .

Indicator specification table

The following table summarizes the specifications of this indicator.

Indicator overview

The Time Scaled Volume (TSV) indicator provides various signals to evaluate market trends. These signals include:

• Identifying overbought and oversold conditions : Indicating excessive price movement in one direction, signaling a potential correction or trend reversal
• Divergence between Price and Indicator: Occurs when price moves in the opposite direction of the indicator, indicating a potential change in trend

Crossing Moving Average Oscillator Line: Indicates the beginning or end of a new trend. The blue line represents the slow moving average, and the orange line represents the fast moving average.

Indicators are in an upward trend

In an uptrend on the GBP/USD chart , a decrease in intensity of a red histogram bar combined with an increase in volume of a green bar indicates strengthening demand and a continuation of the uptrend.

Under these conditions, traders can find suitable entry opportunities Buy trades based on their personal strategy or by utilizing other MT4 trading assistance indicators .

Indicators are in a downward trend

In a downtrend on the GBP/NZD chart , a decreasing number of green histogram bars and a gradually increasing intensity of red bars indicate rising selling pressure and a continuation of the downtrend.

Traders can identify appropriate entry opportunities into sell trades (Sell) based on their trading strategy.

Indicator Settings

The setting of this indicator is shown below:

• Period used for summing values: number of bars used for volume calculation
• Period used for average: Number of periods used to calculate the moving average
• Price type used in calculation: Price type used in calculation
• Volume type used in calculation: Volume type used in calculation

Conclusion

The Time Scaled Volume (TSV) indicator emphasizes the volume-price relationship over time, determining the strength of price movements .

A crossing of a TSV line with its moving average is a signal used to identify an uptrend or a downtrend .

Larger bars on the indicator chart represent greater strength of price movements in either direction, highlighting the importance of the trading process .