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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