Improved VOLUME
Qualitatively modified the volume indicator. Besides the usual volumes display mode can display ratio change rates per volume of ticks, thereby showing pulse response on the chart. It will be a great addition to the toolkit beginners and professionals with different trading styles.
Benefits
- Suitable for manual skalpernoy trade, both during and since the flat trend.
- Suitable for confirmation of entry and exit points at the long-term transactions, perfectly combined with your trading system.
- It can be used to assess the strength of the impact of news on the market.
- 2 different price regime.
- 5 different calculation methods.
- Low price at very carefully debugged product.
- Different types of notifications.
Options
- price type - 2 price regime (high & low and open & close). In calculating the ratio of to the tick volume is taken into account the price movement of High before Low or Open before Close respectively.
- price power - mathematical degree of price movement. If the value 0 You get the standard volume indicator, a value of 1, 2, 3 and 4 you will raise the price movement in a certain degree. It is necessary to increase the value of the size of the candle (the higher the degree, the higher value).
- Notification type - 2 types of notifications (sound signal in the terminal and push-phone notification) in various combinations.
- Alert level - the level of the indicator on the last candle closed above which the notification will trigger.
How to use
The range of application is very wide, I will describe the basic use of strategies for different styles:
- Scalping - trade timeframe M1 and M5, but make sure that the price movement was several times larger than the spread. Waiting strong pulse, preferably on the extent 3 or 4, check the trend. If the pulse had a candle on going against the trend, it is likely that the movement of the false and the price will be back in place. Open the transaction immediately after the pulse, Take Profit put on Open closed candles, or on its center, if the trend is weak, and a distance of candles (or two) from Close the signal candle. To determine the strength of a trend, you can use a bunch of two EMA (Fast and slow) for the period M15 / M30, and the indicator of the strength is the distance between the lines.
- Long-term trade - impulse toward trend is likely reversal in price and momentum against the trend - a false reversal, ie, continuation of the trend.
- Trade within the day - you can use a scalping strategy for the period M15, M30, H1, but put Take Profit in the middle and Stop Loss at a distance of one third of a candle or candles from High the signal candle.
- Trading the News - pulse for short period is very sensitive to news. As it is known, in the terminal news late for a while (for timely news need paid subscriptions), so the first reaction to the expected news you can instantly detect the behavior of this indicator.
Additional Information
For all questions and concerns, please contact me in private messages.
Even you can get acquainted with my other products and find yourself something useful: https://www.mql5.com/ru/users/georgewilde/seller
That he may abide with you profits!
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