Middle Volume

3.5

The indicator measures volumes on different charts and instruments.

Its main advantage is the ability to compare separate brokers.

The less Middle Volume and Tick / Second, the more reliable is the broker.

There is a comment in the upper left corner

Comment data:

  • Tick/Second — number of ticks per second for a selected instrument
  • Middle Volume — average volumes in the penultimate bar

This indicator allows tracking a relative market activity for different timeframes.

  • If the volumes are lower than the average middle line, the market is inactive;
  • If the volumes exceed the blue middle line, the market is trendy

How to configure the indicator?

  • Bar — dimension of the array where the indicator is calculated
  • P — volumes averaging period

To change the parameters, right-click on the chart, Charts => Indicators List => Midl Volume => Edit.

The indicator window will appear. Set the parameters.

Save the template: right-click on the chart, Charts => Template => Save Template.

Reviews 2
AdamSnailham
75
AdamSnailham 2021.06.04 07:16 
 

I found it useful on a 4 hour charts to see the best time to trade with good volume.

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Merlin
Stefan Stoyanov
The algorithm of the indicator is based on the fact that the price is attracted to the slow moving average The same applies to a fast moving average that moves around a slow moving average These moving averages have a special smoothing algorithm. When the fast Moving average goes up and is below the slow Moving average, we have a potential signal to open a position-Buy entry When the fast Moving average goes down and is above the slow Moving average, we have a potential signal to open a positio
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ekmql
194
ekmql 2021.06.26 20:20 
 

should have an alert to the cell phone with configurable level

AdamSnailham
75
AdamSnailham 2021.06.04 07:16 
 

I found it useful on a 4 hour charts to see the best time to trade with good volume.

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