Tick Volume Oscillator for MetaTrader 5 Download – Free – [TFlab]

The Tick Volume Oscillator (Tick Volume Oscillator) utilizes the Exponential Moving Average (EMA) to simulate volume fluctuations.

This MetaTrader 5 indicator turns green when the Exponential Moving Average (EMA) line moves above the zero level, signaling the beginning of an uptrend. Conversely, when the line moves below zero, it turns red, indicating a downtrend.

Tick Volume Oscillator Specifications

This indicator is useful in technical analysis, and its features are summarized in the table below:

Indicator in a Bullish Trend

In an uptrend, after breaking the zero level, the moving average line of the oscillator turns green, marking the beginning of a bullish trend.

Traders entering the market in these areas can exit their positions if the Exponential Moving Average (EMA) approaches the zero level again.

Indicator in a Bearish Trend

In the EUR/CAD price chart, when the moving average line turns red, the price enters a bearish phase, and this area is considered a sell signal.

Traders can exit their trades and secure profits once they observe the indicator line reversing and changing color.

Tick Volume Oscillator Settings

The image below displays the detailed settings panel for the Tick Volume Oscillator in MetaTrader 5:

• Volume: Trading volume over a specified period
• Type: Data type
• Averaging method: Moving average calculation method
• Depth of the first averaging: Depth of the first averaging stage
• Depth of the second averaging: Depth of the second averaging stage
• Depth of the third averaging: Depth of the third averaging stage
• Smoothing parameter: Smoothing parameter
• Horizontal shift of the indicator in bars: Horizontal shift of the indicator on the chart

Conclusion

The Tick Volume Oscillator utilizes the Exponential Moving Average (EMA) to display dynamic volume fluctuations.

It analyzes volume changes per candlestick or price bar and smooths volatility using the EMA, making volume trends clearer and easier to interpret.

This method of analysis can be applied across various markets such as Forex, cryptocurrencies, stock trading, and commodities.