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PipTick Volume indicator is a great tool for measuring tick volume or real volume activity. It helps traders to easily and simply estimate the current volume. The indicator uses a moving average and its coefficients to classify the volume. Accordingly, the area where the volume is located (relative to the moving average) is marked as ultra-low, low, medium, high, very high, or ultra-high.

This indicator calculates the moving average in four ways:

  • SMA-Simple Moving Average
  • SMMA-Smoothed Moving Average
  • EMA-Exponential Moving Average
  • LWMA-Linear-weighted moving average

By default, there are six zones that the user can change. The bar of the histogram is colored in a certain color, depending on which zone corresponds to the volume. This way, you can easily recognize how high the volume is compared to the previous bars.

  • Ultra-low volume zone-grey
  • Low volume zone – white color
  • Medium volume zone-yellow
  • High volume zone-golden color
  • The area is very high volume, dark-orange color
  • Ultra-high volume zone-crimson color

  • Simple classification of volume
  • Multiple calculation methods to choose from
  • The zone ranges are selected by the user
  • Works on any timeframe (M1, M5, M15, M30, H1, H4, D1, W1, and MN)
  • Fast and reliable indicator
  • Configurable parameters (color, line thickness, MA period, etc.))
  • Real and tick volume

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  • MA_Method-Moving Average, SMA, SMMA, LWMA, and EMA method
  • MA_Period – The period for calculating the moving average
  • Line_Thickness – The thickness of the output line
  • Histogram_Thickness – The thickness of the output histogram
  • Low_Coefficient-Coefficient for determining the low zone
  • Average_Coefficient-Coefficient for determining the average zone
  • High_Coefficient-Coefficient for determining the high zone
  • Very_High_Coefficient-Coefficient for determining a very high zone
  • Ultra_High_Coefficient-Coefficient for determining the ultrahigh zone
  • Color_Text – The color of the indicator text
  • Color_MA_Line – the Color of the moving average line
  • Color_Ultra_Low – The color of the ultra-low histogram
  • Color_Low – Color of the low histogram
  • Color_Average – Color of the average histogram
  • Color_High – The color of the high histogram
  • Color_Very_High – The color of a very high histogram
  • Color_Ultra_High – The color of the ultra-high histogram
  • Average Volume – Displaying the average volume for the period
  • Volume Displays the values of the volume
  • Type – Displays the number of the zone type. 1-6 corresponds to the zones. Number 1 means ultra-low, 6 means ultra-high
  • Low – Displays the values of the low zone. Otherwise, the value is zero
  • Average – Displaying the values of the middle zone. Otherwise, the value is zero
  • High – Displays the values of the high zone. Otherwise, the value is zero
  • Very High – Displays the values of a very high zone. Otherwise, the value is zero
  • Ultra High – Displays the values of the ultra-high zone. Otherwise, the value is zero


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