Volume Volatility Dashboard is a great tool for analyzing multiple currency pairs as quickly as possible in conditions of extremely high and extremely low accumulation-to-distribution ratios compared to past values.

The number of characters displayed is 30, and the name of each character can be edited in the parameters. Thus, you can analyze not only preset currency pairs, but also others, such as commodities, stocks, indices, currency pairs with prefixes and suffixes, etc.

The analyzer can send alerts via the MetaTrader terminal, pushnotifications to mobile devices, as well as by email, for example, from a remote machine, such as a virtual server.

Volume Volatility Dashboard, in addition to offering the ability to set three methods for sending notifications, also allows you to select the timeframes from which notifications will be sent:

• a) “Alerts_from_M5_TF” – notifications from M5,
• b) “Alerts_from_M15_TF” – notifications with M15,
• c) “Alerts_from_M30_TF” – notifications with M30,
• d) “Alerts_from_H1_TF” – notifications with H1,
• e) “Alerts_from_H4_TF” – notifications with H4,
• f) “Alerts_from_D1_TF” – notifications with D1.

You can specify the maximum spread at which notifications will be received using the “Alerts_Max_Spread” parameter.

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The most important parameter is ” Volume_Volatility_Depth “(“Volume Volatility Depth”). This parameter, roughly speaking, determines how far back the past will be analyzed. So, a lower value of the parameter-the indicator analyzes less data from the past. I recommend setting and testing different values (for example, 1, 5, 15, 75, 250 etc.) on different timeframes and currency pairs.

Parameter “Volume_Volatility_Low_Level” (“Volume Volatility Minimum Level”) determines below which values alerts will be created, and “Volume_Volatility_High_Level” (“The level of Maximum Volume Volatility”) – above what value.

For example, when setting “Volume_Volatility_Low_Level” to 1 and “Volume_Volatility_High_Level” to 99, alerts, notifications, and/or email messages are sent only when the values are below 1 or above 99. “Volume_Volatility_Low_Level” to 0 and “Volume_Volatility_High_Level” to 100 give notifications only in extreme cases – when the indicator reaches a value of 0 or 100. The displayed values are rounded to the nearest integer, for example, when ” 0 ” appears, this does not mean that the indicator has exactly reached the value 0, but only that it is an approximation to the nearest integer, which is 0, however, the value can be 0.001 or another. In this case, we wait for the indicator to reach 0 and send an alert / notification/email.

The green color of the value means that it is lower than ” Volume_Volatility_Low_Level “(offer to buy), the red color means that the value is higher than” Volume_Volatility_High_Level ” (offer to sell). And the default color-gray is used when the maximum value is “Near_Level_Percent” (“The percentage of the Near Level”, set by the user) points is above ” Volume_Volatility_Low_Level “or below”Volume_Volatility_High_Level”.

The spread values can have different colors:

• a) when the value is lower than or equal to “Alerts_Max_Spread”,
• b) 1-1. 5 times higher than this parameter,
• c) more than 1.5 times more than this parameter.

The panel header always displays 3 current parameters: Volume Volatility Depth and 2 Volume Volatility levels.

Each color of the Volume Volatility Dashboard can be changed.

I suggest that in the new chart window, create a new template only with the “Volume Volatility Dashboard” indicator with a scheme without colors (“None”), with a white background and foreground.

The Volume Volatility Dashboard is very useful in recognizing market conditions, it recognizes volume extremes that lead to trend changes or corrections. But remember that you should always be careful when important political and macroeconomic messages are published, when the price fluctuates around important support and resistance levels, pivots or round numbers, and, of course, always pay special attention to price actions. It is also very important to check the trend on a higher timeframe before entering the market.

The panel analyzes a set of bars (depending on the “Volume_Volatility_Depth” parameter) of a set of currency pairs in the conditions of the highest/lowest volume, and does it simultaneously. Therefore, you will have to wait a few seconds after installing this indicator on the chart window until everything is loaded and ready to work.

Remember, no one else is responsible for any investment decisions you make. You are responsible for your own investment research and investment decisions.

Good luck!

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