The ' Volume by Price ' indicator for MetaTrader 4 and 5 platforms is a data visualization tool used to display the complex relations between volume, price and time in various easy to interpret forms. Types of charts include change over time, part-to-whole, correlation and distribution.
Perform basic or detailed technical analysis. Filter data by any session, segment and use the various highlighting methods to identify key levels and ranges with Volume Profile and Market Profile along with Volume Weighted Average Price, Supply & Demand Zones and Average Daily Range.
It has a file-based API for full control over data type and properties, to aggregate data of multiple order books and to create segments for additional insights. Data might be tick volume, traded volume or open interest. Quick high-level chart setups with drag and drop support for the casual user, and further in-depth and segmented by using advanced user features. It also provides labels to indicate the scale and scope of data displayed, and custom styling by attributes such as color, size, area etc. in ways that suit the user's needs and context.