Technical Indicators for MetaTrader 5

Normalized Volume for MT5

97.00 USD82.45 USD

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MetaTrader 5
Renaud Candel


99% of indicators are based on price analysis.

This indicator is based on volume. Volume is underestimated piece of information in most trading system.

And this is a big mistake since volume gives important information about market participants.

Normalized Volume is an indicator to confirm reversal points.

You could enhance dramatically your trading system using Volume analysis. This is what most professional traders do.

Inputs of the indicator are followings:

  • MaxBars: number of bars in the chart to display with the indicator
  • MA_Period: period to be used to calculate normalized volume
  • MA_Shift: shift in bars to apply for calculation of normalized volume
  • Low volume: normalized volume level to be considered as low
  • Normal volume: normalized volume level to be considered as normal

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

It is often said that this is not possible to use volume with Forex. This is wrong. Even if Forex volume data is not as accurate as for equities or futures, Forex data volume is very useful piece of information.

Trading requires an edge over the market. Volume could be your edge over other participants who do not use Volume as part of their analysis.


If for any reason you do not like the purchased program, you can request a refund within 14 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email:

Refund requests received more than 14 days after purchase will be rejected.

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