Percentage Volume Oscillator MT 5 Download - Free - [TradingFinder]

The Percentage Volume Oscillator measures the relative changes in trading volume within financial markets. This volatility indicator helps traders identify optimal Entry and Exit points, enabling them to better analyze future market movements.

With its two moving averages and histogram, the trading tool indicates the next trend direction based on volume levels.

Indicator Specifications Table

Percentage Volume Indicator at a Glance

Unlike other versions, this indicator displays the difference between moving averages using a histogram. A green histogram indicates a bullish trend, while a red histogram signals a bearish trend. Using this tool, traders gain a precise view of potential price changes.

Bullish Trend Performance

Based on the price chart analysis of the cryptocurrency Cardano in the 1-hour timeframe, the light blue moving average line has crossed the signal line (orange line).

Under such conditions, if the moving average oscillates above zero (positive phase) and a green histogram forms, the trend is bullish, providing a suitable opportunity for Buy trades.

Bearish Trend Performance

According to the price chart of Gold against the US Dollar (XAU/USD) in the 15-minute timeframe, the light blue moving average line has crossed the signal line (orange line).

 Under such conditions, if the moving average oscillates below zero (negative phase) and a red histogram forms, the trend is bearish, offering a suitable opportunity for Sell trades.

Indicator Settings

• Chart theme: Indicator theme;
• Fast ma period: Fast moving average period set to 12;
• Slow ma period: Slow moving average period set to 26;
• Signal period: Signal line period set to 9;
• Fast ma method: Fast moving average calculation method set to 1;
• Slow ma method: Slow moving average calculation method set to 1;
• Signal method: Signal calculation method set to 1.

Conclusion

The Percentage Volume Oscillator is an advanced tool in MetaTrader 5 that analyzes relative volume fluctuations in trading.

Using two moving averages, this oscillator displays buying and selling pressure in a histogram, giving traders a deeper insight into volume trends and potential Forex market shifts.