Cumulative Volume Metatrader 5 Forex Indicator

The Cumulative Volume Metatrader 5 custom indicator offers a thought-provoking technique for presenting volume data.

It displays the total volume over the specified period.

Volume data can be represented in a lot of ways:

Combined | Absolute | Relative | Separated | Absolute Relative

Volumes can be shown in relative or absolute values, as well as in combined or a separated manner.

There are three input parameters found on the Cumulative_Volume MT5 indicator:

Period – defines the calculation period;

Combined – show data either in a combined or in a separated way (with an option to select Yes/No);

Relative – display data either in a relative or an absolute manner (with an option to select Yes/No).

Free Download

Download the “Cumulative_Volume.ex5” MT5 indicator

Example Chart

The Cumulative_Volume MT5 indicator is an oscillator with histograms within a dedicator window.

The histograms are colored lime green and red.

Green histograms are indicator of bullish market sentiments, while red histograms suggests bearish market sentiments.

If the histograms are aligned above the zero center line, it is a signal that more buyers are pushing price higher, while a red histogram above the zero center line indicates a short term retracement within the broader bullish trend.

If the histograms of the Cumulative_Volume MT5 indicator hover below zero center line, it is a signal that more sellers are driving price lower, while a lime green histogram is a trigger that bulls are holding up the session within a broader bearish trend.

Download

Download the “Cumulative_Volume.ex5” Metatrader 5 indicator

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart window indicator

Customization options: Variable (Period, Combined, Relative), Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: oscillator

Installation

Copy and paste the Cumulative_Volume.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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