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Directional Volatility & Forex Volume Signal Indicator For MT5

    The Directional Volatility & Forex Volume Signal indicator for Metatrader 5 provides powerful market insights and delivers solid buy/sell signals.

    The indicator is based on both volume and market volatility and appears in a separate chart window underneath the main chart.

    • It consists of colored bars that oscillate above and below the neutral 0.00 level.
    • Blue colored bars indicate a bullish trend while red colored bars indicate a bearish trend.
    • Yellow colored bars display market volume.

    The following indicator inputs can be modified to suit your preferences: volatility period, volatility method, volume period, volume method, zone period, and zone method.

    Make yourself familiar with this solid technical indicator and test it first on a demo account.

    It supports all time frames and Forex pairs.

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    Directional volatility & volume_0.mq5 Indicator (MT5)

    Chart Example

    The following chart shows how the Directional Volatility & Forex Volume Signal indicator looks when applied to the MT5 chart.

    How To Buy And Sell Forex Pairs With The Directional Volatility & Forex Volume Signal Indicator?

    Find a simple trading example below:

    Buy Signal

    • A bullish signal occurs when the first blue bar appears on the chart.
    • Open a buy transaction and place your stop loss 3 pips below previous swing low support.
    • Close the buy trade for a fixed take profit target or wait for a sell signal.

    Sell Signal

    • A bearish signal occurs when the first red bar appears on the chart.
    • Open a sell transaction and place your stop loss 3 pips above previous swing high resistance.
    • Close the sell trade for a fixed take profit target or wait for a buy signal.

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    Directional volatility & volume_0.mq5 Indicator (MT5)

    Frequently Asked Questions

    How Do I Install This Custom Indicator On Metatrader 5?

    • Open the MT5 trading platform
    • Click on the File menu button located at the top left part of the platform
    • Click on Open Data Folder > MQL5 folder > Indicators
    • Copy the Directional volatility & volume_0.mq5 indicator file in the Indicators folder
    • Close and restart the trading platform
    • You will find the indicator here (Navigator window > Indicators)
    • Drag the indicator to the chart to get started with it!

    How Do I Edit This Indicator?

    • Click in the open chart with your right mouse button
    • In the dropdown menu, click on Indicator List
    • Select the indicator and click on properties
    • Now you can edit the inputs, colors, levels, scale and visualization
    • Finally click the OK button to save the new configuration
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