Professional traders know that volume is the fuel for price movement. Big players try to hide their true intentions, but they can be recognized by bursts of volume. The standard vertical volume does not show us specific price levels, but the cluster volume, and especially its spikes, give a very clear picture and specific price levels (areas).
The DBS Cluster Search indicator searches for clusters of a given size in tick data and highlights them with colored figures on the chart. These levels (areas) in the future are often the starting point of a strong price movement. The indicator can combine clusters at several adjacent price levels when calculating, which gives great value and weight in the forecast.
Attention! FOR THE INDICATOR TO WORK, TICK HISTORY DATA AND REAL EXCHANGE VOLUMES ARE REQUIRED!THE INDICATOR WORKS ONLY ON EXCHANGE INSTRUMENTS!
The indicator is calculated from the tick history, therefore, to speed up calculations and reduce the load on the system, the number of bars for calculation is set in the parameters.
Input parameters:
- Number of bars to calculate – The number of bars to calculate the indicator.
- Minimum for highlight – The minimum cluster size to highlight.
- Maximum for highlight (0-unlim.) – Maximum cluster size to allocate (0 – unlimited).
- Price levels to combine – How many price levels to combine into a cluster. Combining 2x-3x adjacent price levels gives a great predictive value.
- Form shapes – Shape of the shape. You can select “Ellipse”, “Rectangle” and “Triangle.
- Color of the figure – The color of the figure.
- Thickness of the figure – The thickness of the contour of the figure.
- Fill of the figure – Fill the shape (No/Yes). When several shapes are superimposed on each other, due to the algorithms for rendering graphic objects in MT, it is not displayed correctly.
- Figure in the foreground – The position of the figure behind the graph or in front of the graph.
- Show information in the log – Whether or not to output extended information to the log. (No/Yes).
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Professional traders know that volume is the fuel for price movement. Big players try to hide their true intentions, but they can be recognized by bursts of volume. The standard vertical volume does not show us specific price levels, but the cluster volume, and especially its spikes, give a very clear picture and specific price levels (areas).
The DBS Cluster Search indicator searches for clusters of a given size in tick data and highlights them with colored figures on the chart. These levels (areas) in the future are often the starting point of a strong price movement. The indicator can combine clusters at several adjacent price levels when calculating, which gives great value and weight in the forecast.
Attention! FOR THE INDICATOR TO WORK, TICK HISTORY DATA AND REAL EXCHANGE VOLUMES ARE REQUIRED!THE INDICATOR WORKS ONLY ON EXCHANGE INSTRUMENTS!
Attention! FOR THE INDICATOR TO WORK, TICK HISTORY DATA AND REAL EXCHANGE VOLUMES ARE REQUIRED!THE INDICATOR WORKS ONLY ON EXCHANGE INSTRUMENTS!
The indicator is calculated from the tick history, therefore, to speed up calculations and reduce the load on the system, the number of bars for calculation is set in the parameters.
Input parameters:
- Number of bars to calculate – The number of bars to calculate the indicator.
- Minimum for highlight – The minimum cluster size to highlight.
- Maximum for highlight (0-unlim.) – Maximum cluster size to allocate (0 – unlimited).
- Price levels to combine – How many price levels to combine into a cluster. Combining 2x-3x adjacent price levels gives a great predictive value.
- Form shapes – Shape of the shape. You can select “Ellipse”, “Rectangle” and “Triangle.
- Color of the figure – The color of the figure.
- Thickness of the figure – The thickness of the contour of the figure.
- Fill of the figure – Fill the shape (No/Yes). When several shapes are superimposed on each other, due to the algorithms for rendering graphic objects in MT, it is not displayed correctly.
- Figure in the foreground – The position of the figure behind the graph or in front of the graph.
- Show information in the log – Whether or not to output extended information to the log. (No/Yes).
It is possible to place several indicators on the same chart (for example, to highlight several ranges of clusters with different colors or types of shapes).
It is possible to place several indicators on the same chart (for example, to highlight several ranges of clusters with different colors or types of shapes).
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