ATR XH Volume Indicator for MetaTrader 5 Download - Free - [TFlab]

The ATR XH Volume Indicator in MetaTrader 5 indicators integrates market volatility with trading volume.

This indicator simultaneously displays changes in the Average True Range (ATR) and trading volume, identifying market trends and determining periods of high or low volatility.

In this indicator, volatility is measured by the ATR, which is displayed in orange by default for clear distinction from other chart components.

ATR XH Volume Indicator Specifications

The table below summarizes the key features of this indicator:

Indicator in an Uptrend

In the chart below, the price initially moved within a range. After an increase in trading volume and crossing the ATR line, an uptrend was formed.

Analysts can utilize additional tools, such as the PAFX Secret Indicator, for entry into trades in these zones.

Indicator in a Downtrend

In the USD/CAD hourly chart, the price initially broke out of the range and experienced a relatively weak growth.

Subsequently, with an increase in trading volume, the price entered a downtrend, creating opportunities for sell positions.

ATR XH Volume Indicator Settings

The following image shows the settings for this indicator:

• Period of ATR Average: Calculates the volume period based on ATR.

Conclusion

The ATR XH Volume Indicator, a composite tool in MetaTrader 5, is designed to analyze market trends and identify key levels on price charts.

This tool combines the ATR (Average True Range) with trading volume to examine market volatility. It helps identify entry and exit zones in conjunction with volume changes.