OHLC Volume displays two volume graphs considering Open, High, Low and Close and applying two calculation methods: High-Open and Close-Low.
Since it is calculated only by OHLCV bar values, the indicator has no configurable parameters.
Vol UP = Volume * CoeffUP/(CoeffUP+CoeffDN) Vol DN = Volume* CoeffDN/(CoeffUP+CoeffDN)
CoeffUP = High-Open CoeffDN = Close-Low
MT5 Indicators – Download Instructions
OHLC Volume MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
OHLC Volume 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 MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download OHLC Volume MT5 Indicator.mq5
- Copy OHLC Volume 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 MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator OHLC Volume MT5 Indicator.mq4 is available on your Chart
How to remove OHLC Volume MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
OHLC Volume MT5 Indicator (Free Download)
Click here below to download: