Normalized Volume for MT5

99% of indicators based on price analysis.

This indicator is based on volume. Volume - this underrated part of the information in the majority of trading systems.

And it's a big mistake, because the volume provides important information about market participants.

Normalized Volume - the indicator to confirm the reversal points.

You can significantly improve your trading system using volume analysis. So does the majority of professional traders.

Input parameters of the indicator:

• MaxBars: the number of bars in the chart to the indicator


• MA_Period: period for the calculation of the normalized volume


• MA_Shift: shift the bars for the calculation of the normalized volume


• Low volume: normalized volume levels, which is considered low


• Normal volume: normalized volume levels, which is considered normal

The indicator can be used with any class of assets: stocks, commodities, futures, and Forex tools.

It is often said that the Forex market is not possible to use the volume. This is not true. Even if the data on the forex volumes are not as accurate as for the stock or futures data Forex volumes - this is very useful information.

Trade requires advantage over the market. The volume can be your advantage over other participants who do not use volume as part of their analysis.