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Indicators for МТ4-MT5 / Premium / Volume Indicator CandleColor



Indicator of Volume / CandleColor

Full Name: ClusterDelta_PremiumVolume_{version}_CandleColor
Indicator Modification:

Volume Indicator shows summary information for total volume orders in the each bar. This information visualize situation of trading on the world exchanges. Usually, the volumes spikes are signal of stopping of current trend. It does not mean reverse of trend because the market is still active and usually for reverse it may strike last peak but with less volume. You can see divergence between indicator and price peaks.

This is not only one description of using of this indicator. You can use it with VSA patterns. Premium Volume indicator use additional library so it can download data in background mode so this does not any effect like freezing to your terminal. Then next advantage that Premium Volume indicator shows data in Online mode without delay. Current modification of indicator is used to draw columns of histogram related to candle type: bear or bulish.

Description of parameters:

  • HELP_URL (default value "http://my.clusterdelta.com/volume_cc") - text comment that does not affect to indicator. This parameter contains URL of indicator description.
  • Instrument (default value "AUTO") - The brokers can use different tickers on the same instruments so you can use name of exact futures to get data from it. On value "AUTO" server try to determine futures using broker's ticker name.
  • MetaTrader_GMT (default value "AUTO") - each broker setup his MT server with different GMT. Unfortunately there are no builtin methods to determine it so server compares last time from terminal with its own. During any periods while market is off you should adjust this parameter manually.
  • Comment_History (default value "--- Premium Settings ") - this is just text comment, it does not any effect to indicator
  • Days_in_History (default value "0") - this parameter adjust length of history in days. With value "0" server adjust it to optimal value depends on timeframe.
  • Custom_Start_time (default value "2017.01.01 00:00") - if Custom_Start_Time and Custom_End_Time are different to value "2017.01.01 00:00" server loads history using custom period related to your parameters.
  • Custom_End_time (default value "2017.01.01 00:00") - see Custom_Start_Time
  • Current_Volume (default value clrRed) - color of text of current value of the last bar

    Attention: you should change colors of histogramm in Colors Tab of your settings panel

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