Indicators: XVolume

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XVolume:

Volume indicator. The histogram displays volumes of a price chart, and red lines shows their averaging.

If the histogram is above the mean level, it changes to bright green. If volumes are below the mean level, the histogram turns gray.

Fig.1. XVolume Indicator

Author: Nikolay Kositsin

 

Let it be known that every brokerage company you work with gives tick volume readings according to its own discretion. It makes no sense to create an indicator of tick volumes with a moving average thrown on it.

And now let's understand: the volume that your brokerage centre received from the quotation provider, made changes to it at its own discretion, and then transferred it to your terminal, you want to average it with a moving average...WHY????

 
You don't need to use them,
 
10937:

Let it be known that every brokerage company you work with gives tick volume readings according to its own discretion. It makes no sense to create an indicator of tick volumes with a moving average thrown on it.

And now let's understand: the volume that your brokerage centre received from the quotation provider, made changes to it at its own discretion, and then transferred it to your terminal, you want to average it with a moving average...WHY????

This terminal is made not only for DCs! There are also stock exchanges. So this world is much wider than we sometimes imagine it.
 
I screwed it on for RTS futures. Only I chose a different averaging method, depth and smoothing parameter. It turned out great! Kudos to the author.
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