Scaled Volume Oscillator Download for MetaTrader 5 – Free – [TFlab] – MT4/MT5 Resources

The tick volume oscillator utilizes the exponential moving average (EMA) to simulate volume fluctuations .

This MetaTrader 5 indicator turns green when the Exponential Moving Average (EMA) line moves above the zero level, indicating the beginning of an uptrend. Conversely, when the line moves below zero, it turns red, indicating a downward trend.

Scale Volume Oscillator Specifications

This indicator is suitable for technical analysis , and its characteristics are summarized in the following table:

Indicator Overview

The Tick Volume Oscillator (Tick Volume Oscillator) is one of the most effective tools among MetaTrader 5 Oscillators .

This indicator shows volume fluctuations using different averaging methods such as SMA, EMA, and SMMA .

Traders can customize indicator settings according to their strategies, adjusting moving average type and selecting histogram mode for better visualization.

Indicators in a Bullish Trend

In an uptrend , after breaking out of the zero level , the oscillator's moving average turns green , marking the beginning of a bullish trend .

Traders entering the market in these areas can exit their positions if the exponential moving average (EMA) approaches the zero level again.

Indicators in a Bearish Trend

In the EUR/CAD price chart , when the moving average turns red , the price enters a bearish phase , and this area is considered a sell signal .

Traders can exit their trades and secure profits once they observe the indicator line reversing and changing color .

Check the volume oscillator setting

The image below shows the detailed settings panel for the Live Volume Oscillator in MetaTrader 5:

• Volume: Transaction volume within a specified period
• Type: Data type
• Averaging method: moving average calculation method
• Depth of the first averaging stage: Depth of the first averaging stage
• Depth of the second averaging phase: Depth of the second averaging phase
• Depth of the third averaging stage: Depth of the third averaging stage
• Smoothing parameters: Smoothing parameters
• Horizontal movement of the indicator (represented as bars): Horizontal movement of the indicator on the chart

Conclusion

The Scaled Volume Oscillator utilizes the Exponential Moving Average (EMA) to display dynamic volume fluctuations .

It analyzes volume changes for each candlestick or price bar and smooths the volatility using EMA , making volume trends clearer and easier to interpret .

This method of analysis can be applied to various markets such as Forex , cryptocurrencies, stock trading, and commodities.