Standardized Volume Indicator MT5 Download - Free | Forex Indicator Download - MetaTrader 5 Resource

The Normalized Volume indicator is part of the MetaTrader 5 indicator series that provides significant analysis and comparison of current trading volume with its actual historical average .

This trading tool uses colored bars (as a histogram) to display the strengths as well as weakness of price movements to the trader. Additionally, it uses dotted lines to create the Signal Threshold in the oscillator section.

Standardized trading volume indicator specification table

Indicator Overview

The Normalized Volume indicator normalizes trading volume within a specific time frame and indicates whether trading activity is higher or lower than normal. The blue bars show higher than normal trading volume, while the orange bars indicate lower than normal levels.

Uptrend Conditions

Based on the price chart on the Chainlink cryptocurrency 1 hour time frame, the price is trending upward and the histogram is consistently forming blue bars (indicating higher than normal volume) .

In this case, traders can consider the formation of blue bars on the chart. The positive oscillator phase starts as an uptrend .

downtrend conditions

According to the EUR/USD currency pair chart on the 30-minute time frame, the price is trending downwards and the histogram is consistently forming blue bars (indicating higher than normal volume) .

In this case, traders can consider the formation of blue bars on the chart. The positive oscillator phase starts as a downtrend .

Indicator Settings

• Calculation Period: The number of candles used to calculate normal trading volume is 14 ;
• Signal Threshold: The threshold for identifying high or low volume is 100.0 ;
• Theme Setting: Indicator theme.

Conclusion

The Normalized Volume indicator is a tool in MetaTrader 5 that can visually display market activity at each moment using a histogram.

This currency strength indicator effectively identifies the strengths and weaknesses of price movements and displays abnormal Forex market fluctuations to traders.

Using this information , analysts can better understand price behavior and potential trend changes .