Normalized Volume Indicator in MT5 — Free Download

The Normalized Volume Indicator is a powerful analytical tool developed for the MetaTrader 5 platform.

📊source :
https://tradingfinder.com/products/indicators/mt5/normalized-volume-free-download/

📊free indicator download:
https://cdn.tradingfinder.com/file/162248/normalized-volume-mt5-by-tflab.zip

It is designed to evaluate current trading volume relative to historical volume data, enabling traders to gauge market participation and momentum with greater accuracy.

💰Key Features

• Platform: MetaTrader 5
• Indicator Type: Oscillator, Volume Analysis, Technical Tool
• Skill Level: Beginner
• Timeframe: Daily
• Trading Style: Day Trading
• Market Usage: Applicable across all financial markets

✨Overview of the Indicator

This indicator normalizes volume data over a specified number of candles, offering a visual comparison between current and historical volume activity. The data is presented in a color-coded histogram that helps traders easily interpret volume behavior:

• Blue bars represent above-average volume, indicating heightened market activity.
• Orange bars represent below-average volume, suggesting a lack of momentum.

These signals can provide early clues about potential trend continuations or reversals based on shifts in volume dynamics.

Practical Use in Trading

• In Uptrends: Consistent blue bars imply increasing buying volume, potentially confirming bullish momentum.
• In Downtrends: A series of blue bars during price declines may highlight strong selling pressure and a continuation of the bearish trend.

📊Adjustable Settings

• Period: Default is 14 candles, but can be adjusted to suit specific strategies
• Threshold: Default signal threshold is set at 100.0
• Theme: Users can customize the appearance for visual clarity

Conclusion

The Normalized Volume Indicator is ideal for traders aiming to enhance their market analysis through volume-based signals. Its clear graphical display makes it easier to identify abnormal volume spikes, providing timely insights into the strength or weakness of ongoing price movements. Whether applied in forex, indices, commodities, or stocks, this indicator supports more informed and confident trading decisions.

📌 (FAQs)

What is the Normalized Volume Indicator?
A1: It’s a volume analysis tool that compares current volume to historical averages to highlight unusual market activity.

What platform is it available on?
A2: The indicator is designed specifically for MetaTrader 5 (MT5).

What markets can I use it in?
A3: It works across all financial markets, including forex, stocks, indices, and commodities.

Who can use this indicator?
A4: It’s suitable for beginner traders and day traders looking to improve their volume analysis.