Indicator of tick volumes with the ability to monitor sudden and significant changes in the prices of bars relative to the specified coefficient – Change Factor – to the average value of volumes for a certain period of time – Period Signal. The color of the indicator’s histogram characterizes the changes in volume of a bar relative to the previous session and the signal line.
Indicator Inputs
- Period Signal – period of the signal line;
- Change Factor – volume change factor.
By default, the indicator bars are colored in the following colors:
- Gray – no change in volumes relative to the previous bar;
- Green – a slight increase in volume, not exceeding the Change Factor relative to the signal line;
- Red – a slight decrease in volume, not exceeding the Change Factor relative to the signal line;
- Purple – significant increase in volume, exceeding the Change Factor relative to the signal line;
- Yellow – significant decrease in volume, exceeding the Change Factor relative to the signal line.
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