Volumes Signal Line

Indicator of tick volumes with the ability to monitor sudden and significant changes in the prices of bars relative to the specified coefficient - Change Factor - to the average value of volumes for a certain period of time - Period Signal. The color of the indicator's histogram characterizes the changes in volume of a bar relative to the previous session and the signal line.

Indicator Inputs

• Period Signal - period of the signal line;
• Change Factor – volume change factor.

By default, the indicator bars are colored in the following colors:

• Gray - no change in volumes relative to the previous bar;
• Green - a slight increase in volume, not exceeding the Change Factor relative to the signal line;
• Red - a slight decrease in volume, not exceeding the Change Factor relative to the signal line;
• Purple - significant increase in volume, exceeding the Change Factor relative to the signal line;
• Yellow - significant decrease in volume, exceeding the Change Factor relative to the signal line.