How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free Volume Average Percent Indicator Indicator for MetaTrader 5

MetaTrader 5 indicator

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Volume Average Percent Indicator

Info

The Volume Average Percent Indicator is a Indicator for MetaTrader 5 that in capital markets, volume, or trading volume, refers to the total number of securities traded within a specified time frame. For individual stocks on a stock exchange, volume is typically reported as the daily share count exchanged.

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 Percent Indicator

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

In capital markets, volume, or trading volume, refers to the total number of securities traded within a specified time frame.

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.

In capital markets, volume, or trading volume, refers to the total number of securities traded within a specified time frame. For individual stocks on a stock exchange, volume is typically reported as the daily share count exchanged. This metric applies to stocks, bonds, options, futures, and commodities.

Also recommended: AIS Average Rank Speed: Measuring Price Volatility - similar indicator with strong performance on MetaTrader 5.

The average volume over an extended period is calculated by dividing the total traded volume by the duration. 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 undergoes changes. News regarding a company's financial health, products, or strategies, regardless of sentiment, often triggers a temporary spike in the trade volume of its stock. Elevated trade volume can amplify the significance of observed price movements. Higher volume for a stock indicates enhanced market liquidity, which is crucial for institutional investors seeking to sell substantial amounts of a particular stock. Lower liquidity necessitates a more gradual selling approach to mitigate slippage-related losses.

MetaTrader 5 introduces the flexibility to select between tick volumes and real volumes for analysis. Percentage breakouts relative to average volume are visually distinguished using different 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.