Positive_Negative_Volume - MetaTrader 5 Script - MT4/MT5 Resource
This oscillator shows volume taking into account the direction of the candlestick. If the candlestick is bullish, then a positive histogram of volume will appear, while on a bearish candlestick, the histogram will be negative.
The candlestick direction calculation type is set by the only adjustable parameter:
Figure 1. Using open/close calculations
Figure 2. Calculation using Heiken Ashi
Attachment download
📎 positive_negative_volume.mq5 (8.24 KB)
Source: MQL5 #20374
Positive_Negative_Volume - MetaTrader 5 script usage and filtering suggestions
Positive_Negative_Volume - 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.
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