Volume Treshold [UTS]
Volume Treshold
Helps to identify periods of high and low volume.
This information can be used to evaluate market trends and to determine trade entries and exits.
Note: this only works on charts with volume information available
Helps to identify periods of high and low volume.
This information can be used to evaluate market trends and to determine trade entries and exits.
Note: this only works on charts with volume information available
- Treshold line changes color if a candle is more than x percent of the average volume of the last n candles
- Treshold line changes color back to gray again if volume falls below the treshold
- A lookback period defines how many bars should be taken into consideration
- % that causes it to be triggered settable in decimals up to 3.5 where 1.0 equals to 100%
- Colour to change the volume bar to can be set via menu
- Ability to show the treshold as visualized drawing over the histogram as line or area
- Ability to choose smoothing method for treshold calculation (SMA | EMA)
- An optional Simple Moving Average of the volume data can be added to the chart.
Visit ubertradingsystems.com or send a direct message for information about indicator access.