Range_Volume_Ratio - MetaTrader 5 Script - MT4/MT5 Resource
The indicator displays the candlestick size/volume ratio in a separate window in the form of a histogram:
The indicator has one input parameter:
If the calculation type is Open/Close:
RVR[i] = absolute value (opening[i] - closing[i]) / trading volume[i]
If the calculation type is high/low:
RVR[i] = (highest price[i] - lowest price[i]) / trading volume[i]
Where:
Volume - the live trading volume of the candlestick
Figure 1. Calculation by opening/closing
Figure 1. Calculation by high/low
Attachment download
📎 range_volume_ratio.mq5 (6.81 KB)
Source: MQL5 #20921
Range_Volume_Ratio - MetaTrader 5 script usage and filtering suggestions
Range_Volume_Ratio - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
