The VolumeTick indicator is designed to determine a possible pivot point ahead of time, under conditions of consolidation and multidirectional trading of traders, the number of volumes in the market increases sharply, which shows the interest of participants to change the direction of the instrument’s movement in the market and counts the number of ticks on each bar, made in the form of an oscillator. Thus, we get the opportunity to provide for a stop to trade or trade in the other direction, or to add volume when a confirmed movement in our direction. It can be used on any timeframe and will be a good addition for any proven trading system.

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Parameters:

barsForAvarege – 60 / number of bars to calculate the average