Volume Trend Channel
- Indicators
- Vitalyi Belyh
- Version: 1.20
- Updated: 2 January 2022
- Activations: 5
A technical indicator that calculates its readings based on trading volumes. It has an oscillatory line that follows the change in volumes.
Large arrows on the line indicate reversal values. A channel is built around the line with small arrows showing the strengthening of price movement in the direction of increasing volumes.
Large arrows on the line indicate reversal values. A channel is built around the line with small arrows showing the strengthening of price movement in the direction of increasing volumes.
- The indicator does not redraw values. Works on any instrument and timeframe.
- It can complement any trading strategy by finding a trend or make entries in the direction of another trend indicator.
- Volume calculation period - Number of candles for average volume calculation.
- Reinforced direction arrows - A parameter that enhances smoothing of price movement arrows
- Play sound / Display pop - up message / Send push notification / Send email (true / false) - Use notifications when a reversal signal appears. (On the next candlestick after the big arrow)
- Sound file signal - Path to the sound file
- Number Bars - The number of indicator bars on the chart.