MT5-Volume Plus and VSA Signals for MT5
￥2,424.00
- Brand: LANCOME
- Product Code:
- Availability: In Stock
The Volume+ and VSA Signals indicator for MT5 is based on the Volume Spread Analysis (VSA) methodology to provide the signals. The signals are displayed at closing of bars on the main window or subwindow in the form of symbols. The symbols are not repainting.
The indicator produces a signal on an individual bar and this signal is not buy or sell signal. When a minor trend goes in the opposite direction of a major trend, there are sequences of major trend-following signals that give a higher probability of a minor trend change.
Legend
The legend details are provided in the screenshots.
The indicator contains 13 SOWs (Signs of Weakness) and 13 SOSs (Signs of Strength).
SOW SOS Upthrust Shakeout 2-Bar Upthrust 2-Bar Shakeout Selling Pressure Buying Pressure Climactic Buying Climactic Selling Buying Climax Selling Climax Topping Out Volume Stopping Volume 2-Bar Topping Out Volume 2-Bar Stopping Volume Little Buying Pressure Little Selling Pressure No Demand No Supply Test Of Demand Test Of Supply Weakness Coming In Strength Coming In End Of A Rising Market End Of A Falling Market Top Reversal Bottom Reversal
The Volume+ indicator can be effectively used for detecting imbalances in supply and demand. It improves on the typical volume histogram by coloring the bars. Bar colors (colors are customizable):
Neutral DimGray
Wide Spread Bar on High Volume MediumBlue
Narrow Spread, High Volume MidnightBlue
Wide Spread, Low Volume ForestGreen
Narrow Spread, Low Volume DarkGreen
Very/Ultra Wide Spread, Low Volume LimeGreen
Narrow Spread, Ultra High Volume Purple
Very/Ultra Wide Spread, Ultra High Volume Maroon
Input parameters
- VolumeType - Volume type (tick or real)
- MA Period - Period for the moving average.
- LookBackBars - Bars to analyze.
- StrengthColor - Color of the SOS symbols.
- WeaknessColor - Color of the SOW symbols.
- SymbolWidth - Width of the symbols.
- DistanceFactor - Distance rate for the symbols .
- Window - Select the window to display the symbols.
- DisplayLegend - Display the legend.
