• Overview
  • Reviews (8)
  • Comments (45)
  • What's new

Volume Strength 28

Version 1.6 !

Volume Strength 28 is better , easier to use and more awesome ! Based on complaint we got from the reviews, we understood many don't know how to really use the time frame setting on the input menu thus they have complaints of volatility, thus we have designed an Automatic Time Frame selection system that is suitable for novice traders.! The design of the indicator has been changed along with some calculation metrics. Based on complaints of high volatility we have been getting ,we have designed this version around a stable market system with the ability to spot early trends and exit trends early. In addition to the trend line display, there is an easy view histogram display that is selectable so you can choose the display you want!

Volume always precedes price. Supply and Demand in forex is best defined by trade volumes and trends are formed by supply and demand. Thus if you want to see the move before it happens, take your eyes from the price and look at the volume. Volume Strength 28 is a currency meter that is different from any you’ve come across. Typical currency meters found in the forex markets/community uses price as bases of their analysis however this currency meter uses volume as the bases of its analysis.

Volume strength 28 analyses the trade volume of 28 currency pairs and defines the strength of a currency based on volume. With this logic you can easily spot both micro and macro moves in a currency pair even before they happen.


Applications

There are many applications of the Volume Strength 28 but we are just going to highlight a few we have been able to define with success. I encourage every user of this product not just to focus on these few applications but to study and discover it more because we are still yet to exhaust its applications.

  • Spot strong / weak currencies.
  • Spot trends at its earliest stage.
  • Know the stage of trend and the best time to enter trades.
  • Spot the end of a trend.
  • Spot reversals at its early stage.
  • Spot pull backs at its earliest stage.


Features

  • Trend Arrows: Has pair cross arrows to show trend change on charts
  • Trend Exit Arrows: Has trend exit arrows to identify the end of a trend and possible reversals/pull backs
  • Multi-Currency Dashboard: It has multi-currency dashboard for display of trend direction and trend stage for 28 currency pairs.
  • Notification/ Alert: The indicator has pop up notification, email notification and push notification for trend change and trade zones.


How to Use

Make sure all data are loaded to get correct strength values. Incomplete data will be displayed on the screen. Incomplete might return wrong strength values thus they should be updated.



Time Frame: Can be used on any Time Frame , Best result H1 Time frame

Data Error: To get the correct volume strength values, it is compulsory that all 28 currency pair data must up to date.


Input menu

  • History: Historical Plotting Bars
  • Time Frame: Indicator Time Frame
  • Symbol Prefix: Prefix Settings for currency pairs with prefix
  • show_usd: Show USD signal and display USD pairs
  • show_eur: Show EUR signal and display EUR pairs
  • show_gbp: Show GBP signal and display GBP pairs
  • show_jpy: Show JPY signal and display JPY pairs
  • show_chf: Show CHF signal and display CHF pairs
  • show_cad: Show CAD signal and display CAD pairs
  • show_aud: Show AUD signal and display AUD pairs
  • show_nzd: Show NZD signal and display NZD pairs
  • Trend_Alert: Send Pair cross signal
  • Yellow_Zone_Alert: Send yellow zone Alert
  • Red_Zone_Alert: Send Red Zone Alert
  • Trend_Exit_Alert: Send Trend Exit Alert
  • Enable PopUp Alert: Enable Pop Up Notification
  • Enable Email: Enable Email Notification
  • Enable Push: Enable Push Notification
  • Display Multicurrency Dashboard: Multi Currency Dashboard Display
  • Show Trend Arrows: Enable/Disable Trend arrow display
  • Show Exit Arrows: Enable / Disable Exit arrow display.
  • Buy arrowColor: Arrow Color Settings
  • Sell arrowColor: Arrow Color Settings
  • Arrow Width: Arrow Width Settings


Note

  • Pair cross arrows and trend exit arrows might repaint on the current bar/candle as currency strength values changes
Reviews 8
jmhuang
2902
jmhuang 2021.06.26 05:40 
 

a good CSM - would appreciate if the programmer could remove the logo from the window screen. Logos should be confined to pdf instruction and the default setting of the indicator. The programmer is responsive and provides good service. Would be good if there is a column ShowAuto so that the indicator can just show the lines of the two pairs instead of all pairs

katototo
429
katototo 2019.11.07 06:31 
 

Have been trying this for months side by side with all sorts Currency meters and I must say it gives better signals and on the automatic time frame selection it cuts out

a lot of the noise and gives very good buy and sell signals.

If it does not confirm your systems signal maybe you should not take it.

kennyschuble
143
kennyschuble 2019.07.18 18:37 
 

I have to say with the new updates to this it truly is a great volume strength meter ! So many ways to use it. With your current existing system its fabulous ! Having the volume strength of the market to confirm or backing of your current system ! The exiet Xs do work and are truly good exit signals. It's not a perfect indicator meter but one of the BEST ! I have added it to one or two other market meters for a market trading system and not just a pair system. Worth the buy !

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Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
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InvestSoft
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Peter Francois J Thijs
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GEORGIOS VERGAKIS
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Nesimeye Oswald
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Nesimeye Oswald
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Filter:
jmhuang
2902
jmhuang 2021.06.26 05:40 
 

a good CSM - would appreciate if the programmer could remove the logo from the window screen. Logos should be confined to pdf instruction and the default setting of the indicator. The programmer is responsive and provides good service. Would be good if there is a column ShowAuto so that the indicator can just show the lines of the two pairs instead of all pairs

Nesimeye Oswald
118991
Reply from developer Nesimeye Oswald 2021.06.26 12:00
Thank you sir, will attend to all your points in our chat
Gerardo Llanos
295
Gerardo Llanos 2019.12.09 07:16 
 

Repinta

Nesimeye Oswald
118991
Reply from developer Nesimeye Oswald 2021.06.26 11:38
Hello sir , please explain more what you experienced so i can help. Also try the latest version first
katototo
429
katototo 2019.11.07 06:31 
 

Have been trying this for months side by side with all sorts Currency meters and I must say it gives better signals and on the automatic time frame selection it cuts out

a lot of the noise and gives very good buy and sell signals.

If it does not confirm your systems signal maybe you should not take it.

pipsoffury
199
pipsoffury 2019.10.25 21:27 
 

After suffix fix, I was actually able to use VS28. It paid for itself in one trade (even though I was 10 pips late on M5 entry)! Very promising, looking forward to Developer continued investment in VS28.

hassantiger
698
hassantiger 2019.05.04 12:32 
 

Very volatile. Not accurate.

Update: I did not find something new in the update cursor became redraw when the signal comes to go to another frame. And when I go back to the frame that I received the signal disappear and appear elsewhere. I talked to the author of the index but he was unable to solve the problem I do not recommend buying this indicator.

Nesimeye Oswald
118991
Reply from developer Nesimeye Oswald 2021.06.26 11:37
Have you tried the new version ? Also there is an option for time frame change in the indicator, just in case the current time frame is too volatile for you , a higher time frame would be more stable
kennyschuble
143
kennyschuble 2019.07.18 18:37 
 

I have to say with the new updates to this it truly is a great volume strength meter ! So many ways to use it. With your current existing system its fabulous ! Having the volume strength of the market to confirm or backing of your current system ! The exiet Xs do work and are truly good exit signals. It's not a perfect indicator meter but one of the BEST ! I have added it to one or two other market meters for a market trading system and not just a pair system. Worth the buy !

harrygift
59
harrygift 2019.05.02 19:42 
 

User didn't leave any comment to the rating

Nesimeye Oswald
118991
Reply from developer Nesimeye Oswald 2021.06.26 11:36
Sorry about that sir. Wasn't feeling well at the time
Max J
336
Max J 2018.10.24 18:54 
 

This is a good product. I have been using it and it helps me decide the right direction of price action.

Reply to review
Version 2.1 2021.06.30
We have removed the brand logo in this version based on a customer request.
Also we have added Line Display selection type. You can either display all currency lines or lines for current pair only
Version 2.0 2019.10.22
We have fixed bug with previous version. It now works with pairs having suffix
Version 1.60 2019.06.14
In addition to histogram display, we have also added the trend line display ! We have also addressed repaint problem, arrow signals no longer repaints
Version 1.50 2019.06.09
The design of the indicator has been changed along with some calculation metrics. Based on complaints of high volatility we have been getting ,we have designed this version around a stable market system with the ability to spot early trends and exit trends early.
Version 1.40 2019.05.05
Temporary version while indicator undergoes upgrade
Version 1.30 2019.03.21
Based on the request of customers we have added a new feature to the indicator. In the new version you can enable / disable display of currency values on the indicator window. Just enable/disable "Display Currency Value " on the input menu to use this option. This will enable for an option to have a clean and uncluttered chart.
Version 1.20 2018.10.28
We have fixed the bug with the notification system. The Yellow Zone Alert and The Trend Exit Alert gives recurring alerts on some occasions. This issue has been fixed. We have also re-enabled the trend arrows.
Version 1.10 2018.09.28
We have updated the chart trend arrows to show the exit signals only for clarity . Exit previous trend on exit signal.