• Overview
  • Reviews (3)
  • Comments (25)
  • What's new


This indicator provides a true volume surrogate based on tick volumes. It uses a specific formula for calculation of a near to real estimation of trade volumes distribution, which may be very handy for instruments where only tick volumes are available. Please note that absolute values of the indicator do not correspond to any real volumes data, but the distribution itself, including overall shape and behavior, is similar to real volumes' shape and behavior of related instruments (for example, currency futures).

The indicator shows the volumes as a green histogram. 3 horizontal levels denote - mean, 1 sigma, and 3 sigmas regions from the mean.

Benjamin Okotor
2017.07.16 15:41   

This is great tool, i wish there can be an alert when ever price touches 'Sigma 3' may be you you add it to the update this will make a lot of sense and easy the stress of moving from one chart to another in search of climatic action

2016.03.22 13:14 

I like it !

Happy Mans World
2015.02.17 10:43 

This Product is a WOW for those who knows how to trade Volume

Version 1.3 - 2015.03.19
New parameter ExtraAlertSigmaFactor for additional volume level, which should generate another alert. If both levels (AlertSigmaFactor and ExtraAlertSigmaFactor) are larger non-zero, there can be two alerts on one bar, that is one alert of each kind.
Version 1.2 - 2015.02.16
Added new feature of coloring volume bars in 2 colors. The green color means that the volume of the current bar is larger than that of the previous one. The red color means that the volume of the current bar is smaller than the volume of the previous bar.
Version 1.1 - 2015.02.13
- Added a new feature to show an alert when a volume exceeds a predefined level given as a factor of sigmas in the AlertSigmaFactor parameter;
- Fixed a rare error in sigma calculations.