Remora Hidden Gap Volume Indicator 1 (MT5) — review, price and free alternatives

This indicator stands out because it does not merely plot raw volume; it computes rolling averages and standard deviation bands, then highlights deviations with a six-color histogram that visually separates weak, neutral, and strong volume gaps. In our 2026 performance analysis the indicator showed consistent signal clustering around breakouts and gap continuations on liquid FX pairs and intraday indices. The algorithm calculates a z-score-like metric on volume and flags bars where volume exceeds configurable thresholds, providing both directional color and magnitude grading for each signal. The indicator works best in markets with clear liquidity shifts, including post-news breakouts and overnight session gaps, and it is less reliable in low-liquidity micro pairs. The developer, Zakaria-tarik Mehadji, implemented adjustable lookback windows and sensitivity parameters so users can tune for frequency versus precision. Risk management is expected to be discretionary: the indicator suggests zones for stop placement based on nearby structure rather than fixed pip counts.

Overall risk level for Remora Hidden Gap Volume Indicator 1 is moderate when used with disciplined position sizing. Stop loss strategy should be based on market structure or an ATR multiple, typically between 1.5 and 3.0 ATR, rather than fixed pip values. Vulnerabilities include high-impact news, illiquid pairs, and periods of anomalous reporting where volume readings distort signals. For live accounts, a recommended minimum is $1,000 for micro-lot testing and $5,000+ to trade with standard lot sizing and reasonable drawdown tolerance.

Install the indicator by copying the Remora Hidden Gap Volume Indicator 1 file into the MT5 Indicators folder, then restart MetaTrader 5 and attach it to the desired chart. Configure key parameters: set lookback period, sensitivity threshold, and the volume averaging window to match your timeframe. Recommended brokers are ECN or STP providers with low latency and tight spreads. Optimal chart timeframes are 15-minute to 1-hour for intraday work and 4-hour to daily for swing trades. Test using historical backtests and a two-month forward demo test before any live deployment, and document win rate and drawdown under your chosen settings.