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;
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