MT5 Time Segmented Volume Indicator Download - Free - [TFlab] | Forex Indicator Download - MetaTrader 5 Resources

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

The Time Scaled Volume (TSV) indicator is one of the MetaTrader 5 indicator , serving as an effective tool for analyzing liquidity into and out of assets on different time frames.

The indicator is displayed as an oscillator in a separate window, surrounding the zero line .

• Positive Movement : When the bar of this oscillator moves above the zero line , it indicates increased demand and the start of an uptrend in the market.
• Negative Movement : On the contrary, when the indicator bar crosses upwards and downwards from the zero line, it can signal increasing selling pressure and the beginning of a downtrend .

Indicator specifications

The following table summarizes the key specifications of the indicator.

Indicator overview

The Time Scaled Volume (TSV) indicator provides various signals trend analysis can be used to improve trading decisions. These signals include:

• Identifying overbought and oversold levels : occur when prices move excessively in one direction, signaling a possible correction or trend reversal.
• Divergence between Price and Indicator : Occurs when price and indicator move in opposite directions, indicating a potential trend change.

Oscillator Crossover Moving Averages : When the blue line ( slow moving average ) crosses the orange line ( fast moving average ), it marks the beginning or end of a new trend.

TSV in an Uptrend

In the Bitcoin (BTC) chart, as the red histogram bars weaken and the green bars strengthen , signs of an uptrend emerge.

Traders can confirm this by watching bullish crossovers , such as the blue line (slow MA) cross the orange line above (fast MA) , and then proceed with the buy trade .

TSV in a Downtrend

In the Canadian Dollar to Japanese Yen (CAD/JPY) downtrend, weakening green bars indicate reduced bullish volume , while strengthening red histogram bars reflect increased selling pressure as the market continues its downtrend.

Traders can exit trades after noticing these areas of weakening sales (reducing red bars) to avoid the risk of a trend reversal.

Indicator Settings

The image below shows the complete setup of this indicator:

• Period used for summing values : number of bars used to calculate volume
• Period for averaging : Number of periods used for moving average calculations
• Price type used in calculation : Price type used in calculation
• Volume types used in calculations : Types of volumes considered in calculations

Conclusion

The Time Scaled Volume (TSV) indicator is used by traders to identify liquidity, entry , and exit points more accurately.

This indicator has proven to be particularly effective in volatile and liquid markets , and traders can utilize other indicators such as MT5 Trading Aid Indicators along with it to generate better signals.