ATR XH Volume Indicator Download for MetaTrader 5 - Free - [TFlab]

The ATR XH trading volume indicator in MetaTrader 5 indicator integrates market volatility with trading volume .

This indicator displays both average true volatility (ATR) and trading volume , identifying market trends and determining periods of high or low volatility .

In this indicator, volatility is measured by ATR , which is displayed in orange by default and is clearly different from other chart components.

ATR XH Volume Indicator Specifications

The table below summarizes the main characteristics of this indicator.

Indicator overview

The ATR XH Volume Indicator provides the ability to identify strong trends and periods of low volatility by simultaneously displaying ATR fluctuations and trading volume .

• When volume and ATR increase simultaneously , this is considered a sign of continued market momentum in the same direction.
• Both A volume and ATR decrease , indicating entering a range phase.

An increase in volume coupled with a decrease in ATR may signify trend weakness and the possibility of a market reversal

Indicators are in an upward trend

In the image below, the price is initially in range . After increasing the trading volume and crossing the ATR line , an uptrend was formed.

Analysts can leverage other tools, such as the PAFX Secret Indicator , to enter trades in these areas.

Indicators are in a downward trend

On the USD/CAD hourly chart, the price initially broke through the range, and the increase was relatively weak.

Subsequently, as the trading volume increases , the price enters a downward trend , creating opportunities to sell positions .

ATR XH Volume Indicator Settings

The image below shows the settings of this indicator:

• ATR average period : Calculate the trading volume period based on ATR.

Conclusion

The ATR XH Volume Indicator , a composite tool in MetaTrader 5 , is designed to analyze market trends and identify key levels on price charts.

This tool combines ATR (Average True Range) with trading volume to check market volatility. It helps identify entry and exit zones combined with volume changes.