What is Time Segmented Volume?
Time Segmented Volume displays positive and negative histogram bars with two smoothing lines in a separate MT5 pane. Different colors are used above and below the zero line.
The calculation groups the configured volume input over its selected periods. It presents changing volume context without providing a directional forecast.
How to use Time Segmented Volume
Compare the histogram height, zero-line position, and smoothing lines with the price chart. Read changes over several bars instead of treating one bar as a standalone conclusion.
Summation period and Averaging period set the two calculation windows. Applied price and Applied volume choose the inputs used by the indicator.
Where it helps
The histogram uses distinct colors around the zero line.
Two lines accompany the time-segmented volume bars.
Price and volume-source inputs are available in the settings window.
MT5 Indicator Parameters
The table below lists the available MT5 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Summation period | Sets the period used to sum the volume calculation. Default: 13. |
| Averaging period | Sets the period used to smooth the calculation. Default: 7. |
| Applied price | Selects the price source used by the indicator. Default: Close price. |
| Applied volume | Selects the volume source used by the indicator. Default: Tick volume. |
The screenshot above shows the default input parameters in the MT5 settings window.
How to Install .ex5 Indicator in MetaTrader 5
- Download the ZIP file and extract it.
- In MT5, select File → Open Data Folder.
- Open MQL5 → Indicators and copy the EX5 or MQ5 file into it.
- If the package includes library files, copy them to MQL5 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT5, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
