Volume with force

18 sie 2022

This indicator shows the classic stock volume chart with a plottable 20 periods SMA line. Along with this, it shows to the top right of the pane a percent, showing the current "volume force".

This force is calculated as the SMA of the last 3 volume candles excluded the current candle (only counts finished candles) and then compare it with the standard 20 periods volume SMA.

Some examples for a better understanding:

• A value of 200% means that the SMA of last 3 candles is equals to 2 times of the 20 periods volume SMA
  
• A value of 100% means that the SMA of last 3 candles is equals to the 20 periods volume SMA
  
• A value of 50% means that the SMA of last 3 candles is equals to 1/2 of the 20 periods volume SMA
  
• A value of 25% means that the SMA of last 3 candles is equals to 1/4 of the 20 periods volume SMA
  

If the value is above 100%, the background will be green, red otherwise. A green value means that the symbol is having a nice volume income.

Customizable settings

• Timeframe: the main TF to plot volume and calculate force
  
• MA Length: the length of the standard volume SMA to plot (and to compare for the force calculation)
  
• Diff force length: the length of the last candles (excluded the current candle) to compare with the standard volume SMA
  
• Show moving average: if checked, plots the standard SMA
  
• Show volume force: if checked, shows to the top right the volume force
  

30 sie 2022

Informacje o Wersji

• Changed indicator name to better describe that the timeframe is customizable
  
• Added an alert that triggers when the current volume is > than SMA 20 periods (20 by default, the period is customizable)
  

Instructions to make the alert work:

• Add the indicator to your layout
  
• Set the desidered settings
  
• Create an alarm (Alt + A)
  
• In the first condition toolbox select "Volume with tf force"
  
• Press create (unless you want to change secondary stuff like notification settings)
  

10 wrz 2022

Informacje o Wersji

Colors of the long and short columns are now customizable