Hidden Gap Volume Indicator Download for MetaTrader 5 | Forex Indicator Download - MT4/MT5 Resources

The Hidden Gap Volume Indicator is a technical analysis tool for MetaTrader 5 that calculates the average volume of the last 20 key points and draws a surrounding band based on two standard deviations .

Each volume bar in this oscillator is classified based on comparison to the previous volume and deviation band, and is displayed in one of six defined colors:

• Red : the lowest volume is within the observation range
• Yellow : Volume is lower than the previous candle
• Purple : Volume is lower than the average of the previous two candles
• Blue : Volume is higher than the previous candle
• Brown : Trading volume exceeds the upper deviation zone
• Green : out of band , but the volume is lower than the previous candle

Hidden gap volume specification table

The following table outlines the features and specifications of the Hidden Gap Volume indicator:

Indicator Overview

In the Hidden Gap Volume Indicator , yellow and purple bars signal continued price fluctuations that result in weakening volume and are considered hidden gaps in the direction of the trend.

Additionally, brown bars , beyond the volume deviation bands, highlight overbought or oversold areas , suggesting a reversal or correction is highly likely .

Uptrend Conditions

The chart below shows the GBP/JPY currency pair on the 30-minute timeframe . In an uptrend, blue bars indicate rising volume and buyer pressure.

If a new high is formed without volume support and a yellow or purple bar appears, this indicates a hidden volume gap , signaling a potential buy zone .

downtrend conditions

The next 4 hours Solana (SOL) chart shows volume behavior in a downtrend.

In this setup, blue bars represent increasing volume , selling pressure , and a favorable condition for establishing a short position .

Hide gap volume indicator settings

The image below shows the settings panel for the Hidden Gap Volume indicator on the MetaTrader 5 platform:

• Number of bars to display : Display range
• Looking back at the calculation period : Calculation window length
• Option to show chart symbols : Enable chart symbol overlay
• Chart label font size : Chart label text size
• Chart label color : Chart label color
• Option to show clock : Show the current time on the chart:
• Clock display font size : Clock text size
• Clock display color : Clock text color
• Option to display current volume : Display real-time volume data
• Volume display font size : volume label font size
• Volume display color : Volume color
• Moving average period : moving average period length
• Option to display moving averages : Display MA lines on the chart
• Standard deviation calculation period : standard deviation lookback period
• Standard deviation threshold factor : threshold multiplier for standard deviation
• Options for displaying standard deviation lines : Display deviation boundaries
• Option to display current MA : Display current MA value
• Font size displayed by current MA : Text size displayed by MA value
• The color displayed by the current MA : MA value color
• Option to display current deviation : Display real-time deviation value
• Font size of current deviation : Font size of deviation label
• Color of current deviation : deviation label color

Conclusion

The Hidden Gap Volume Indicator analyzes volume decreases near tops and bottoms and detects volume saturation zones via brown bars , helping to identify entry and exit areas with high accuracy.