Volume MA Indicator MetaTrader 5 Download | Forex Indicator Download - MT4/MT5 Resources

The Volume MA indicator is a technical analysis tool in the MetaTrader 5 platform, by using a moving average of volume over a defined period (for example, the past 14 or 20 candles).

This oscillator compares the trading volume of each candle with the average volume of the selected period:

• Above average volume : indicates increased trading activity
• Lower than average volume : indicates reduced trading activity

Volume MA Specification Sheet

The following table lists the general specifications of the Volume MA indicator on the MetaTrader 5 platform:

Indicator Overview

The Volume MA indicator is an Trading tool used to review trading volume and its functionality is similar to moving average . It uses differently colored bars in the histogram to reflect market activity:

• Green bar : indicates that when the price rises, the fast volume MA is lower than the slow volume moving average;
• Gray bar : confirms that the short-term price growth volume MA is higher than the long-term trading volume moving average;
• Pink bar : As prices decline , the fast volume MA moves to the volume MA below the slow volume MA ;
• Dark red bar : Indicates a sharp decline in price coupled with increasing volume, where the fast volume moving average (MA) crosses above the slow line.

Uptrend Conditions

On the 15-minute chart of the CAD/JPY pair , the increase in volume accompanied by the bullish candle above the volume moving average (MA) reflects a strong uptrend. This is usually considered a confirmation signal for the continuation of the trend.

downtrend conditions

The price chart below shows the Gold Spot Index (XAU/USD) on a 30-minute time frame.

A bearish candle resistance zone with above-average volume may indicate strong selling pressure , providing a suitable setup for short positions.

Volume MA indicator settings

The picture below shows the settings panel Volume MA indicator in MetaTrader 5:

• Volume type used for calculations : Volume type used for calculations
• Calculate the number of periods for the moving average : the number of candles used to calculate the volume MA
• Moving average method (EMA,...) : Use the moving average method
• Percentage threshold for breakout detection : Threshold percentage for detecting volume breaking through the average value

Conclusion

The Volume MA indicator identifies the strengths and weaknesses of a trend by comparing current volume to the volume moving average.

A strong bullish candle with increasing volume confirms trend continuation and signals an entry, while a bearish candle with high volume appearing in the resistance zone indicates selling pressure .