SCRPTX_Volume is a classical volume indicator with a moving average applied to it. The indicator enables a quick visual evaluation of the volume relative to its average value and thus helps avoid false entries in the inactive market. This indicator version is one of the filters for evaluating the strength of a trading signal in SCRPTX Expert Advisors.
- MAPeriod – period of the moving average.
If the volume indicator closes above its moving average, it is seen as an additional confirmation of a trading signal.