Advanced Volume

FREE

(Downloads - 152)

Categories: ,

Description

The most of Forex / CFD trading platforms show the tick volume as bars on the bottom of the chart without any extra detail so traders will not be able to get anything out of the provided volume data, our Advanced Volume indicator separates each bar tick volume to bullish or bearish volume and you will be able to see how much of a bar volume is bullish or bearish both in terms of ticks number and percentage.

The indicator uses two different approaches for the classification of volume data if the bar is historical the indicator uses the bar close price as a border between bullish and bearish volume:

bullish volume = percentage of the bar range below its close price x total bar volume

bearish volume = percentage of the bar range above its close price x total bar volume

If the bar is the current bar or latest bar in the chart and you enabled the indicator “Use Live Data” parameter then indicator counts each upcoming uptick as bullish and downtick as bearish volume for that specific bar.

Features

  • Works on cTrader both standard and tick charts
  • Easy to setup
  • Setting different color for bullish and bearish volume

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Version 3.2.2.0

Release date: October 24, 2018

Fixed: Moved bullish volume bars back to the top and bearish to the bottom

Version 3.2.1.0

Release date: October 24, 2018

Removed: A dependency to an external library

Version 3.2.0.0

Release date: October 22, 2018

Fixed: Incorrect bar volume

Version 3.1.0.0

Release date: September 26, 2018

Changed: Supports both tick and standard chart without specifying the chart type manually in the indicator parameters

Removed: Is Tick chart and Tick chart size parameters

Version 3.0.0.0

Release date: June 13, 2018

Added: A new method for calculating historical bars volume data

Added: New parameters for tick charts

Changed: Tweaked the indicator code

Documentation

Current Version: 3.2.2.0