Market activity indicator, the index of market activity. It is calculated as the moving average on the volume. Accepts values from 0 to 100. At a smaller period, it helps in long-term trading, as it is possible to see the reaction of the market to a particular situation, and eliminates the possibility of noises and tricks of large speculators. At larger periods, it helps in scalping, also decreases the probability of noises.
The indicator parameters
The default settings are standard for H1, EURUSD. For more efficiency, adjust them according to the particularities of your broker, timeframe and currency pair.
- Period Activity - The period to calculate the activity.
- Color line - Line color.
- No repaint
- Does not draw outdated signals
- Does not recalculate
- Signals strictly at the close of the bar
- Compatible with Expert Advisor development