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Volume Plus for MT5

The Volume Plus indicator for MT5 can be effectively used for detecting imbalances in supply and demand.
The indicator improves on the typical volume histogram by coloring the bars.

Bar colors (colors are customizable):

  • Neutral - DimGray
  • Wide Spread (Range) Bar on High Volume - MediumBlue
  • Narrow Spread, High Volume - MidnightBlue
  • Wide Spread, Low Volume - ForestGreen
  • Narrow Spread, Low Volume - DarkGreen
  • Very/Ultra Wide Spread, Low Volume - Aqua
  • Narrow Spread, Ultra High Volume - Purple
  • Very/Ultra Wide Spread, Ultra High Volume - Maroon
The legend details are provided in the screenshots.


Input parameters

  • VolumeType - Volume type (tick or real)
  • MA Period - Period for the moving average.
  • LookBackBars - Bars to analyze.
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The indicator is based on the relationship between two sets of Stochastic lines. The first set consists of 6 Stochastic with periods: 5, 8, 10, 12, 14, 16.  The second set consists of 6 Stochastic with periods: 34, 39, 44, 50, 55, 60. These periods are customizable. Input parameters Stochastic MA Method Method of calculation ===== Short-term ===== Stochastic #1 %K Period Stochastic #2 %K Period Stochastic #3 %K Period Stochastic #4 %K Period Stochastic #5 %K Period Stochastic #6 %K Period Short
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The Volume+ and VSA Signals indicator for MT5 is based on the Volume Spread Analysis (VSA) methodology to provide the signals. The signals are displayed at closing of bars on the main window or subwindow in the form of symbols. The symbols are not repainting.  The indicator produces a signal on an individual bar and this signal is not buy or sell signal. When a minor trend goes in the opposite direction of a major trend, there are sequences of major trend-following signals that give a higher pro
Having a chart window that has multiple pairs (symbols), timeframes, and indicators displayed simultaneously can be quite advantageous. This indicator will allow traders to place multiple chart objects in a sub window of the main chart window. The indicator is capable of adding all available MT5 indicators and custom indicators to the existing chart. The list and parameters of the indicators are for reference at: https://www.mql5.com/en/docs/indicators Input parameters Name Example Indicat
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This is a multi-timeframe indicator that detects and displays support and resistance (S&R) lines using the ZigZag indicator. Features The support and resistance lines are not redrawing. The indicator is capable of adding new support and resistance levels as they appear. Each S&R line has a tooltip that displays the price level and start time. Shows the start time, price level and number of touches of all S&R lines when pressing the shortcut Shift+I Save time for multi-timeframe analysis on
This is a multi-timeframe indicator that detects and displays support and resistance (S&R) lines using the ZigZag indicator. Features The support and resistance lines are not redrawing. The indicator is capable of adding new support and resistance levels as they appear. Each S&R line has a tooltip that displays the price level and start time. Save time for multi-timeframe analysis on trades. All types of alerts (sound, pop-up, email, mobile push notification) are available. Working with al
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