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 Spread Analysis (VSA) Glossary and Indicators Indicator for MetaTrader 5

MetaTrader 5 indicator

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Volume Spread Analysis (VSA) Glossary and Indicators

Info

The Volume Spread Analysis (VSA) Glossary and Indicators is a Indicator for MetaTrader 5 that volume spread analysis (vsa) glossary and indicatorskey featuresmain chart window (vsa_candles. mq5)Native Candlestick Color Coding: Direct bar coloring on the main chart based on institutional volume confirmation:Green (SOS): Confirmed Sign of Strength (e.

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 Spread Analysis (VSA) Glossary and Indicators

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

Volume Spread Analysis (VSA) Glossary and IndicatorsKey FeaturesMain Chart Window (VSA_Candles.

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: Spread Monitor Indicator for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.

Volume Spread Analysis (VSA) Glossary and Indicators

Also recommended: Enhanced Spread Monitor for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.

Key Features

Main Chart Window (VSA_Candles.mq5)

Native Candlestick Color Coding: Direct bar coloring on the main chart based on institutional volume confirmation:

Green (SOS): Confirmed Sign of Strength (e.g., Down Thrust / Spring, Selling Climax, Bag Holder, No Supply).

Red (SOW): Confirmed Sign of Weakness (e.g., Up Thrust, Buying Climax, Bag Seller, No Demand).

Blue (Neutral): Dojis and Spinning Tops showing equilibrium / consolidation.

Yellow (Pure Shapes): Classic price action patterns without volume extremes.

VSA SAR-Style Dynamic Trend Dots: Trailing stop/trend dots that trail like a Parabolic SAR but dynamically flip, tighten, or accelerate based on institutional buying and selling exhaustion.

Hover Tooltips (Closed Bars Only): Hovering over any signal label displays institutional context (bar time, exact volume vs. MA multiplier, spread, and expected market reaction).

Left-Side Tower Glossary: A vertical on-chart HUD displaying every pattern's short and full name.

Sub window Display (VSA_Glossary.mq5)

Dual-Direction Layout:

Volume Bars: Color-graded columns rising upward from zero with dark blue High-to-Ultra background fill clouds.

Spread Bars: Inverted range lines projecting downward from zero with light ice-blue fill clouds, auto-scaled to volume.

Baseline Signal Dots: Visual markers plotted along the zero line to indicate signal types at a glance.

Live Bar Forecaster Badges: Dynamic teal pill tags anchored approximately 1 inch from the live candle displaying elapsed bar time percentage and projected volume/spread vs. the active Moving Average.

You may also like: Compression Breakout Channels with Buy and Sell Volume Analysis - excellent alternative for indicator users on MetaTrader 5.

Source Code

#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version     "1.50"
#property indicator_separate_window
#property indicator_plots   9
#property indicator_buffers 14
#property indicator_label1  "Vol Ultra Fill"
#property indicator_type1   DRAW_FILLING
#property indicator_color1  C'18,78,160',C'18,78,160'
#property indicator_label2  "Spread Ultra Fill"

.......

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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.