The Concept Behind the Indicator
Hey fellow traders! I wanted to share a great tool that was revamped based on requests from our trading community. You might have seen the discussion on the forum ( Does anyone have this simple volume indicator for MT5? ). This indicator is designed to give you insights into trading volume like never before!
Figure 1. Trading Volume Line
This indicator offers three different modes that you can customize in the settings:
- Close Ratio
- Open Ratio
- Body Ratio
(You’ll see the selected mode displayed right in the indicator window)
By utilizing this indicator, you can enhance your trading strategy and make more informed decisions in the market. Happy trading!
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