MACD and Volume Indicator for MetaTrader 5 Download – Free - [TFlab]

The MACD (Moving Average Convergence Divergence) and Volume indicators combine essential technical analysis concepts. This indicator provides significant insights into trend strength or weakness and potential trend reversals by analyzing the convergence and divergence of moving averages.

MACD and Volume Indicator Specifications Table

The general specifications of the MACD and Volume Indicator are presented in the table below.

Uptrend Conditions

The following price chart illustrates the EUR/AUD currency pair in a 15 minute timeframe. When the histogram bars move above the zero line, and the volume oscillator also signals divergence, it indicates strong bullish momentum and can be considered a signal for Entry.

Downtrend Conditions

The following price chart displays Solana (SOL/USD) in a 5 minute timeframe. When the histogram bars drop below the zero line, and the volume oscillator also signals divergence, it can be taken as a signal to Sell.

Indicator Settings

Image below shows a list of all customizable options for the MACD and Volume Indicator in MetaTrader 5 :

• Fast EMA period: Fast EMA period to 12;
• Slow EMA period: Slow EMA period to 26;
• Signal SMA period: Signal SMA period to 9;
• Applied price: Applied price;
• Type of volume: Type of volume;
• Theme: Display Theme.

Conclusion

The MACD and Volume indicators are critical tools in technical analysis. While MACD identifies price movement and trend strength, the volume component confirms trend continuation. The combination of these indicators enhances analysis accuracy and trend identification.