Volume Accumulation Indicator For MT5

The Volume Accumulation Forex indicator for Metatrader 5 measures market volume and shows it as simple to read candles in a separate chart window.

The indicator gets loaded in a separate chart as green and red colored volume candles that appear above and below 0.

How to read the indicator?

  • A large green volume candle indicates bullish pressure.
  • A large red volume candle indicates bearish pressure.
  • The market trend is positive when the candles are positioned above 0.
  • The market trend is negative when the candles are positioned below 0.

The following indicator inputs and parameters can be adjusted: colors.

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

This volume based indicator is very reliable, lightweight and could help you to make informed buy and sell trade decisions.

It supports all time frames and Forex pairs.

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Volume_Accumulation.mq5 Indicator (MT5)

Chart Example

The following chart shows how the Volume Accumulation indicator looks like when applied to the MT5 chart.

How To Buy And Sell Forex Pairs With The Volume Accumulation Indicator?

Find a simple trading example below:

Buy Signal

  • A buy signal occurs when a large green candle appears above the 0 level.
  • Open a buy trade and place a logical stop loss below support.
  • Exit the buy trade for a fixed take profit target of your preference.

Sell Signal

  • A sell signal occurs when a large red candle appears below the 0 level.
  • Open a sell trade and place a logical stop loss above resistance.
  • Exit the sell trade for a fixed take profit target of your preference.

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Volume_Accumulation.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 Volume_Accumulation.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