OHLC Volume Indicator MT4 | MT5

The OHLC Volume is a technical analysis indicator that combines price levels (Open, High, Low, Close) with volume data to provide deeper insights into market dynamics. It displays two volume lines, each representing a candlestick's price points, helping traders identify strong buying or selling pressure.

• Green Line (VolUp - Bullish volume): It indicates buying pressure in the market.
• Red Line (VolDown  Bearish Volume): It indicates selling pressure in the market.

By analyzing volume with price movement, this indicator enables traders to determine whether market participants are reinforcing trend direction or signaling a potential reversal. It allows traders to confirm trend direction, trend reversal, and potential areas of accumulation and distribution.

• Trend confirmation: 

- Increasing VolUp indicates buying pressure, reinforcing the uptrend.

- Rising VolDown suggests dominant pressure, confirming the bearish movement.

• Potential reversals:

- A declining VolDown, during a downtrend, alongside price stabilization signals weakening bearish momentum and potential bullish reversal.

- A falling VolUp, during a bullish trend, with price consolidation suggests bullish exhaustion and potential bearish reversal.

• Accumulation (Bullish) & Distribution (Bearish):

- Rising VolUp during sideways movement signals institutional buying, anticipating an upward breakout.

- Increasing VolDown during a consolidation phase indicates institutional selling, suggesting a downward breakout.

1- In the first trading example on the MetaTrader 5 chart, during the downtrend, the rising of the VolDown line has confirmed the strength and the continuation of the bearish movement, signaling a short opportunity.

Conversely, when both the price and the OHLC volume indicate a consolidation phase, with the rising of the VolUp line, it signals an accumulation phase and a strength bullish trend. Traders should enter long in this scenario for the AUDCHF pair.

2- In the second trading example on the MetaTrader 4 chart, during a downtrend, the price makes lower lows, but on the other hand, the indicator presents a falling of the red volume and an increasing of the bullish volume, signaling a potential reversal. When the price moves up, it signals a long entry for the GBPNZD pair. 

3- In the third trading example on the MetaTrader 5 chart, both the price and the indicator indicate a sideways phase. In this scenario, traders should wait for a confirmation to enter long or short in the market.

When the VolDown rises with the falling of the VolUp line, it signals a distribution phase for the CADJPY pair and a good short entry.

4- For the last trading example on the MetaTrader 4 chart, toward the uptrend's end, the indicator indicates a significant rising for the bearish volume line, signaling a potential bearish reversal and a short entry for the EURUSD pair.