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Description:

The Better Volume MT5 tick volume indicator allows you to assess the overall market mood and accurately capture the moments of formation
large movements. The indicator is a color histogram in an additional window. The calculation of Better Volume MT5 takes into account
Price Action combinations, volume values are displayed with column heights and color markings.

Input parameters:

MAPeriod – period for calculating the moving average for the volume; 

lookback – the period for which the correct and relative volume is searched.

Description of colors:

Red – the maximum correct volume and the candle closed above half;

deepskyblue-tick volume;

Description:

The Better Volume MT5 tick volume indicator allows you to assess the overall market mood and accurately capture the moments of formation
large movements. The indicator is a color histogram in an additional window. The calculation of Better Volume MT5 takes into account
Price Action combinations, volume values are displayed with column heights and color markings.

Input parameters:

MAPeriod – period for calculating the moving average for the volume; 

lookback – the period for which the correct and relative volume is searched.

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Description of colors:

Red – the maximum correct volume and the candle closed above half;

deepskyblue-tick volume;

Yellow – minimum volume for the lukin beck period;

Yellow – minimum volume for the lukin beck period;

Lime – maximum relative volume for the lukin beck period;

Lime – maximum relative volume for the lukin beck period;

White – the maximum correct volume and the candle closed below half;

White – the maximum correct volume and the candle closed below half;

Magenta is the maximum correct and the relative amount of;

Magenta is the maximum correct and the relative amount of;

Maroon – average volume value for the MAPeriod period.

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Published

17 July 2019

Updated

11 August 2019

Current Version

1.4

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