Price Action Volumetric Order Blocks MT5
Info
The Price Action Volumetric Order Blocks MT5 is a Indicator for MetaTrader 5 that price action volumetric order blocks mt5an open-source market structure and order block visualisation tool for metatrader 5. The indicator identifies confirmed swing points, structure break events (BOS/MSB), and active bullish or bearish order blocks.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Price Action Volumetric Order Blocks MT5
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Price Action Volumetric Order Blocks MT5An open-source market structure and order block visualisation tool for MetaTrader 5.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Extreme Price Filter: Identify and Avoid Market Traps - another powerful indicator for MetaTrader 5 traders.
Price Action Volumetric Order Blocks MT5Also recommended: GDS Renko Liquidity Sweep Lab: Price Action Analysis - similar indicator with strong performance on MetaTrader 5.
An open-source market structure and order block visualisation tool for MetaTrader 5.
The indicator identifies confirmed swing points, structure break events (BOS/MSB), and active bullish or bearish order blocks. It estimates the balance between buying and selling activity within each block and summarises active zones in a compact chart panel.
Key Features
- Confirmed market structure pivots and break levels.
- Bullish and bearish order blocks projected across the chart.
- Estimated buy/sell participation within each active zone.
- Compact dashboard showing price range, buy/sell percentages, and volume.
- Configurable colours, panel position, number of zones, and visual options.
- Deterministic removal of chart objects when the indicator is removed.
Volume Interpretation
MetaTrader 5 does not provide centralised buy/sell volume for every market. The indicator therefore estimates participation from the available bar and tick volume data. Where actual volume is unavailable, tick volume is used as a fallback. These values are analytical estimates, not exchange order-flow data.
Historical Behaviour
Swing points are displayed only after the selected confirmation bars have closed. Structure break events and order blocks are based on confirmed structure. This prevents unconfirmed movements within the current bar from being presented as completed structural events.
Main Inputs
- Pivot period and structure sensitivity.
- Maximum active order blocks and projection length.
- Colours for estimated volume and zone palette.
- Dashboard visibility, position, font, and dimensions.
- Visibility and spacing of confirmed markers.
Compatibility and Use
Designed for MetaTrader 5 and suitable for use on symbols and timeframes with sufficient price history. This is a visual analysis tool; it does not place or manage trades.
Licence
Distributed under the Mozilla Public Licence 2.0. The complete corresponding source code is included in this CodeBase publication.
Risk Notice:
This indicator is for analytical and educational use. It does not guarantee future market behaviour or trading results.
You may also like: Basket Break-Even Levels: Buy, Sell, and Net with Target Price - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.12"
#property strict
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 DRAW_ARROW
#property indicator_type2 DRAW_ARROW
#property indicator_color1 clrTurquoise.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.