Volume Oscillator Indicator V1.0 MQ5: Optimize Trade Entries with Volume Analysis – FREE DOWNLOAD

By: Swarnalata

Published on: May 09, 2025

Introduction
Ever felt whipsawed by low-liquidity markets or caught in choppy price action? The Volume Oscillator Indicator V1.0 MQ5 is designed to help—coz when you know when volume is picking up, you can avoid those nasty false breakouts and stay on the right side of the move. Available as a free MQ5 download on ForexFactory.cc and fully EA-ready, this tool subtracts a fast-moving average of volume from a slower one to give you a clear, filtered view of market participation.

How It Works
At its core, the Volume Oscillator calculates two simple moving averages of volume—one “fast” and one “slow.” By subtracting the slow MA from the fast MA, you get a histogram that oscillates around zero:

• Positive readings signal rising volume momentum (good for trend entries).


• Negative readings warn of weakening participation (avoid new positions).

You can tweak both MA periods in the indicator’s inputs—so whether you trade 5-minute breakouts or swing on the daily, you’ll find the sweet spot.

Key Benefits
• Filter out thin-liquidity traps and chop
• Identify genuine momentum spikes for higher-probability entries
• Configure fast/slow MA lengths to suit your style
• Histogram turns, zero-cross and slope can all be used as entry/exit signals
• Ready-made buffers let your Expert Advisor read values directly

Recommended Settings

1. Fast MA Period: 5–10 bars (short-term momentum)


2. Slow MA Period: 20–30 bars (baseline volume)


3. Threshold Line: ±X value to confirm strong moves—experiment on your pair/timeframe


4. Buffer Indexes: Buffer 0 for histogram value; Buffer 1–2 for MA lines (for EA integration)

Integrating with EAs
Since buffers are exposed, your custom or purchased EAs can:

• Trigger long entries when the oscillator crosses above +threshold.


• Close positions when it dips back below zero.


• Avoid new trades entirely if the absolute value is below a minimum liquidity level.

Practical Example
On EURUSD H1, set fast MA = 8, slow MA = 24, and threshold = 15. You’ll see volume surges aligned with London open breakouts, and the oscillator highlights them cleanly, so you only pull the trigger when real hands are in the market.

Conclusion
The Volume Oscillator Indicator V1.0 MQ5 is a simple yet powerful filter to sharpen your entries and steer clear of market noise. It’s fully customizable, EA-friendly, and—best of all—100% free on ForexFactory.cc, courtesy of YoForex’s ongoing tool-development initiative.

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