Italo Volume Indicator MT5

Overview of Italo Volume Indicator MT5

• Italo Volume Indicator is designed for all time-frames and assets, making it versatile for different trading strategies.
• Developed after 7 years of experience in Forex and other financial markets.
• The indicator distinguishes between wave volume and candle volume, providing traders with a comprehensive view of market trends.

Key Features

• Does not repaint, ensuring that signals are reliable and accurate.
• Displays an upper colored line (green or red) indicating wave volume and a grey horizontal line defining the trading condition: trend vs. consolidation.
• Includes a histogram for candle volume that confirms market entry points.
• Customizable parameters, allowing users to adjust colors, styles, and sizes of wave volumes.

Benefits of Using Italo Volume Indicator

• Provides a unique algorithm that predicts trends and filters out consolidations. 🚀
• Easy to use without cluttering the charts with excessive information.
• Alerts traders when significant wave or candle volumes appear on the chart.
• Exceptional product support, ensuring traders receive guidance when needed.

Important Parameters

• Trend Period and Force Period: Controls the volume wave number.
• Line Level: Indicates the position of horizontal lines for trends and consolidations.
• History Candles Count: Defines how many past candles the indicator will analyze.
• Alerts_On: Enables alerts when specific volume levels are breached, keeping traders informed in real time. 📈

User Feedback and Ratings

• The Italo Volume Indicator has received an impressive rating of 4.94 based on user reviews, showcasing its effectiveness in the trading community.
• Traders appreciate its simplicity and the confidence it brings when executing trades. 🌟