Volume Average
Info
The Volume Average is a Indicator for MetaTrader 5 that a well-known method of volume analysis. In capital markets, volume, or trading volume, refers to the total number of securities traded over a specific time frame.
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 Volume Average
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
A well-known method of volume analysis.
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: Compression Breakout Channels with Buy and Sell Volume Analysis - another powerful indicator for MetaTrader 5 traders.
A well-known method of volume analysis.Also recommended: AIS Average Rank Speed: Measuring Price Volatility - similar indicator with strong performance on MetaTrader 5.
In capital markets, volume, or trading volume, refers to the total number of securities traded over a specific time frame. For individual stocks on a stock exchange, volume is typically reported as the daily share count. This measurement applies to stocks, bonds, options contracts, futures contracts, and commodities.
The average volume of a security over an extended period is calculated by dividing the total amount traded by the duration of that period. Consequently, the standard unit of measurement for average volume is shares per unit of time, commonly per trading day.
Trading volume tends to surge when a security's price fluctuates. News about a company's financial health, products, or plans, whether positive or negative, often leads to a temporary spike in the trade volume of its stock. These shifts in trade volume can amplify the significance of observed price movements. Higher volume for a stock indicates greater liquidity in the market, which is beneficial for institutional investors looking to sell a substantial number of shares. Lower liquidity would require them to sell the stock gradually to avoid losses due to slippage.
MetaTrader 5 offers the flexibility to choose between tick volumes and real volumes for analysis. Percentage breakouts relative to average volume are highlighted with distinct colors.
You may also like: Simple Anchored VWAP - Institutional Volume Benchmark - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.