Better Volume Indicator
Do you use a volume value to evaluate a trade entry or exit? If yes, Better Volume indicator is just right for your trading style. It is much more informative than default volume bars as it represents a trend stamina.
Yellow colored bars are nothing but weak transaction interpretation, which signals us to avoid any trading. Blue ones tell us about normal trading activity, but still not the best place to trade. Red is just right to focus on buy and White - on sell, as they both alert for possible trend arising. Green bars - to finalize results owing exhaust of trend later.
There is also a moving average line which serves as equator to justify a bar’s size and its possible behavior change. All in all Better Volume looks very consistent, reliable and worth to put it in your backpack before climbing on new market’s heights.
Files
19.12.2016
157
Discussion
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Burhay Vlad 02.08.2017"using volume and range of the bar" is exactly what in its calculation.
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Burhay Vlad 02.08.2017If you have a pseudo algorithm and you wish to have it public, you are welcome to create a feature request with details. Or if you have technical task in hands and wish future code to go private you can find developer' contacts here, sure all of them are open to assist.
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Jan 18.12.2017Sorry for late response.
I don't have anything, I just assumed you made this indicator based on the Emini's Better Volume, which also has the "average trade size" version/Better Pro Am -> http://emini-watch.com/trading-indicators/volume-patterns/ ; not only this Pro version is a bit expensive it's also not available on PTMC, so that's why I asked, hope I'm not asking anything wrong otherwise please delete my message.
Thanks!
