Sidus Indicator
Back to products
3D Oscillator
MT5
Watch video
Click to enlarge

VSA Text

The VSA Text indicator for MT5 displays volume analysis in the market. With this indicator, traders can easily identify trends and make informed decisions when trading the Forex market.

Trading Style

Indicator Type

Timeframe

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 45

Download now
Description

The Volume Spread Analysis (VSA) Text indicator for MT5 is a tool that analyzes and displays market volume and potential direction of price movement in text format. It helps traders identify market trend direction and potential reversal zones of financial instruments.

The indicator can come in handy during technical analysis, which helps in making informed trading decisions. Besides, it can be a valuable asset for beginner traders to understand the underlying market conditions of an instrument.

Features of the VSA Text Indicator for MT5

The indicator displays text on candlesticks based on price action and the trading volume. It displays vertical text on candlesticks, indicating upthrust, reverse upthrust, effort to move up/down, and stopping volume candlesticks. Each vertical text displayed on the candlestick depicts declining trading volume, the potential direction of the price, and trend reversal.

So, the candlesticks bar with the caption ‘effort to move up’ depicts bullish momentum, while those with the ‘effort to move down’ signal bearish momentum. Also, a bar that shows ‘upthrust’ indicates a potential bullish movement, while the ‘upthrust reversal’ bar suggests a potential bearish movement.  Conversely, the bar that shows ‘stopping volume’ indicates a decline in the trading volume.

The Benefits of Using the Indicator

  • Beginner-friendly: The indicator helps traders visualize the underlying market data, making it beneficial to traders, especially beginners in understanding price movement and trend direction.
  • Enhances Trend Analysis: The indicator gives traders a clear picture of the market condition, which enhances objective trend analysis.

Indicator Settings Description

The indicator comes with the following customizable settings:

Spread period: Determines the period to calculate the average spread.

Volume period: Determines the period to calculate the average volume.

Font type: Determines the font type.

Font size: Determines the size of the font.

Text color: Determines the text color.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “VSA Text”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

123 Forex Patterns

,
123 Forex Patterns Indicator: Identify trend reversals & continuations in MT4. Benefit from bullish & bearish patterns for informed buy/sell decisions. The indicator is easy to use and can be a great asset for traders looking to take advantage of the Forex markets.
MT4
Quick view
Add to wishlist

Price Pattern

The Price Patterns indicator for MT4 detects multiple price patterns on the chart. With its intuitive design, the Price Pattern Indicator can help traders identify potential trading opportunities with ease.
MT4
Quick view
Add to wishlist

Fractals Adjustable Period Trend Lines

,
The Fractals Adjustable Period Trend Lines Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It works by plotting fractals on the chart, which are then used to draw trend lines that are adjustable in period. The indicator is also useful for spotting support and resistance levels, as well as for determining entry and exit points for trades. It is a great tool for both novice and experienced traders, as it provides a clear visual representation of the market and helps traders make informed decisions.
MT4
Quick view
Add to wishlist

Candlestick Pattern

The Candlestick Pattern Indicator is a popular and free forex indicator that identifies various candlestick patterns on charts. It is a new MT4 indicator that analyzes the charts and displays candlestick patterns such as Doji, Hammer, Shooting Star, and more. The indicator also shows the pattern's name and signal strength, making it easier for traders to make trading decisions. This indicator is an essential tool for both novice and experienced traders who want to trade using candlestick patterns.
MT4
Quick view
Add to wishlist

Trendline

,
The Trendline Indicator is a useful and popular free Forex indicator for MT4 platform. It is used to identify and draw trendlines on charts, which helps traders to identify and trade in the direction of the trend. The indicator works by automatically drawing trendlines on the chart when two or more points are connected. The Trendline Indicator is a great tool for any trader looking to gain an edge in the Forex markets.
MT4
Quick view
Add to wishlist

PZ ABCD Retracement

,
The PZ ABCD Retracement Indicator is a popular and free forex indicator for MT4 that helps traders identify potential trading opportunities by identifying the AB=CD harmonic pattern. The indicator automatically plots Fibonacci retracement levels to help traders identify entry and exit points. It works by scanning the market for the AB=CD pattern and drawing the necessary lines and levels. It can be used by both a novice and an experienced trader, making it a versatile tool for traders who want to improve their trading results.
MT4
Quick view
Add to wishlist

Wd Gann Box

The WD Gann Box Indicator is a useful and popular free Forex indicator for MT4. This indicator can be used to identify trends, support and resistance levels, and reversals. It displays a box of the current price action on the chart and provides a visual representation of the trend. The WD Gann Box Indicator is a popular and free Forex indicator for MT4 that can be used to identify trends, support and resistance levels, and reversals.
MT4
Quick view
Add to wishlist

Trading Sessions

The Trading Sessions indicator for MT4 displays the four major trading sessions in the financial market. Is easy to use and helps traders to keep track of the different trading session times.