Forex MT5 Indicators

OHLC Volume H MT5 Indicator

Forex Committees

January 28, 2020

4761

OHLC VolumeH displaiys the difference between two volume lines of the OHLC Volume volume indicator as a histogram.

Since OHLC Volume is calculated only by OHLCV bar values, the indicator has no configurable parameters.

Calculation:

OHLCV = UpV – DnV

where:

UpV = Volume * CoeffUP/(CoeffUP+CoeffDN)
DnV = Volume* CoeffDN/(CoeffUP+CoeffDN)

CoeffUP = High-Open
CoeffDN = Close-Low

MT5 Indicators – Download Instructions

OHLC Volume H MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

OHLC Volume H MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

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How to install OHLC Volume H MT5 Indicator.mq5 to your MetaTrader 5 Chart?

Download OHLC Volume H MT5 Indicator.mq5
Copy OHLC Volume H MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
Start or restart your Metatrader 5 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
Right click on OHLC Volume H MT5 Indicator.mq5
Attach to a chart
Modify settings or press ok
Indicator OHLC Volume H MT5 Indicator.mq4 is available on your Chart