Description
Normalized Volume is an indicator showing the normalized volume value. It displays the average volume within the bars range, in the form of a colored histogram with a threshold value.
It has two input parameters:
- Period – normalization period
- Threshold – threshold level
Calculation:
VolumeNorm = Volume / MA * 100.0
where:
MA – SMA(Volume, Period)
Volume – tick volume
- If VolumeNorm is greater than Threshold
Histogram bars are colored green.
- Otherwise
Histogram bars are colored red.
MT5 Indicators – Download Instructions
Normalized Volume MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Normalized Volume MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
How to install Normalized Volume MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Normalized Volume MT5 Indicator.mq5
- Copy Normalized 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 Normalized Volume MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Normalized Volume MT5 Indicator.mq4 is available on your Chart
How to remove Normalized 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
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