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Home MetaTrader 5 Indicator Normalized Volume MetaTrader 5 Indicator | Normalized_Volume

MetaTrader 5 Indicator | Normalized_Volume

9.7.25 0

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.

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