Volume Percent Oscillator MT 5 Free Download | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The Percent Volume Oscillator measures the relative changes in trading volume within financial markets. This volatility indicator helps traders determine optimal entry and exit points, allowing them to better analyze future market movements.

With its two moving averages and histogram, the trading tool indicates the next trend direction and volume levels .

Indicator specification table

The volume percentage indicator is clear at a glance

Unlike other versions, this indicator displays differences between moving averages using histograms. A green histogram indicates a bullish trend, while a red histogram signals a bearish trend. Using this tool , traders can accurately understand potential price changes .

Bullish trend performance

According to cryptocurrency Cardano price chart analysis on the 1-hour time frame, the light blue moving average has crossed the signal line (orange line).

Under such conditions, if the moving average oscillates above zero (positive phase) and forms a green histogram, the trend is bullish, indicating Buy trades.

Bearish trend performance

According to the Gold/USD price chart (XAU/USD) , the light blue moving average has crossed the signal line (orange line) on the 15-minute time frame.

Under such conditions, if the moving average oscillations below zero (negative phase) and forms a red histogram, the trend is bearish, providing a suitable opportunity to buy Sell trades.

Indicator Settings

• Chart theme: Indicator theme;
• Fast ma period: The fast moving average period is set to 12;
• Slow ma period: The slow moving average period is set to 26;
• Signal period: The signal line period is set to 9;
• Fast ma method: The fast moving average calculation method is set to 1;
• Slow ma method: The slow moving average calculation method is set to 1;
• Signal method: The signal calculation method is set to 1.

Conclusion

The Percent Volume Oscillator is an advanced tool in MetaTrader 5 for analyzing relative trading volume fluctuations.

Using two moving averages , this oscillator displays a histogram of buying and selling pressure, giving traders a deeper understanding of volume trends and potential Forex market shifts.