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Understanding the Volumes Indicator in MetaTrader 5

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The Volumes indicator is a handy tool for traders using MetaTrader 5, showcasing trading volumes with a visual flair. The indicator uses different colors to help you quickly gauge volume changes at a glance.

You'll notice that the indicator bars come in two colors: green and red. A green bar indicates that the volume of the current period is higher than that of the previous one, while a red bar signals a decrease in volume. This simple color-coding can help you make quicker decisions based on market momentum.

Additionally, you have the flexibility to choose between tick volumes and real volumes, depending on what fits your trading style best. Plus, if you're not a fan of the default colors, you can easily customize them to your liking!

Volumes indicator

Volumes indicator

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