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VolumeXover

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Published: 11 February 2019

Current version: 1.13

VolumeXover

Indicators
Muhammad Robith
Version: 1.13
Updated: 1 March 2019

This indicator determines minimum volumes needed during a candle formed so that it would be higher than current volume's average. Although you can place MAs on your volume indicator, this indicator has non-repaint characteristic so you may not to worry about sudden volume increase. This indiator also draw volume indicator for its own.

Input Description:

period: Period used for indicator. Must be higher than 1.

Output Description:

VolumeXover: This indicator's main feature. During the time the volume indicator is higher than this line, the volume on that candle is higher than current volume's average. Depicted in dotted yellow line.
2 Volume values: These are needed to draw volume histograms. Works like a MT4's default Volume indicator.

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ema144 2022.05.12 08:29 #

It's Great !!!!!!!!!!!

contactmargot 2020.03.15 22:41 #

Nice indicator. Thank you,

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Bobkiesa 2022.11.02 03:23 #

I have been using a horizontal trend line for years to gauge the stronger activity by volme. Since I applied this one and found it followed in a similer manner. But the VXover actualy calculates it over the set periods we can choose. Much better than my gues work. I trade the 4H TF and so set the VXover to 12 being 2 days data. Very nice and acurate for the current trend.

ema144 2022.05.12 08:29 #

It's Great !!!!!!!!!!!

194

ekmql 2021.06.26 20:18 #

I don't know how it works, I should have an alert to the cell phone with a configurable level

contactmargot 2020.03.15 22:41 #

Nice indicator. Thank you,