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
- Show Delta
- Show bullish/bearish volume averages
Version 4.1.6.0
Release Date: August 20, 2020
Changed: Update check library updated
Version 4.1.5.0
Release Date: April 29, 2020
Fixed: An issue on calculating bar volume from live data
Version 4.1.4.0
Release Date: April 27, 2020
Fixed: A major bug in using live data
Version 4.1.3.0
Release Date: April 24, 2020
Added: Now you can enable/disable update message
Version 4.1.2.0
Release Date: April 20, 2020
Fixed: Not calculating the correct volume data on live data mode
Version 4.1.1.0
Release Date: March 26, 2020
Changed: Updated to the latest cTrader automate API
Version 4.1.0.0
Release date: August 23, 2019
Added: Parameter grouping
Added: Update notifier
Version 4.0.0.0
Release date: October 24, 2018
Added: Bullish/Bearish volume moving averages
Added: Delta line (bullish volume – bearish volume)
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
Jani –
Nice work! Would be great to have indicator counting the total tick up & tick down and showing the net result in a histogram