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Volume Explosion [ProjeAdam]
*OVERVIEW
The purpose of the indicator is to detect significant changes in trading volume in financial markets.
* USER GUIDE:
The user can change the sensitivity of the indicator by adjusting the multiplier value. The higher the multiplier, the harder it is to detect high volume bars.
The multiplier set by the user determines how much a move above the volume values is considered an "explosion". A higher multiplier results in fewer volume bursts being detected.
*ALGORITHM
LANGUAGE
We have two different language options in our indicator. Users can use it in Turkish or English.
If we change the language option on our indicator, the language on our indicator that shows the upper and average level of our Band changes.
CALCULATING EXPLOSIONS
The indicator calculates the simple moving average of volume over a certain period of time. This average is used to identify abnormal movements by comparing it with the current volume.
If the current volume is higher than a certain multiple of the moving average, this is considered a volume burst. This indicates significant activity in the market.
ALARMS
We can change the parity for which we want to receive an alarm from the settings panel and ensure that we receive an alarm at the parity we want.
VİSUALİZATİON
When an alarm occurs in our parities, a separate indicator appears at the bottom right of the chart showing which parities the alarm is triggered in.
If there is no signal in the next bar, this table is automatically deleted.
* Example
We understand that we have excessive volume in the two bars in our example and that interest in this financial product has increased in this region.
* Benefits
This indicator is especially useful for traders who care about volume changes.
This indicator can be used as a helpful tool in trading decisions, as sudden increases in volume can be the beginning of a significant move in the market.
The purpose of the indicator is to detect significant changes in trading volume in financial markets.
* USER GUIDE:
The user can change the sensitivity of the indicator by adjusting the multiplier value. The higher the multiplier, the harder it is to detect high volume bars.
The multiplier set by the user determines how much a move above the volume values is considered an "explosion". A higher multiplier results in fewer volume bursts being detected.
*ALGORITHM
LANGUAGE
We have two different language options in our indicator. Users can use it in Turkish or English.
If we change the language option on our indicator, the language on our indicator that shows the upper and average level of our Band changes.
CALCULATING EXPLOSIONS
The indicator calculates the simple moving average of volume over a certain period of time. This average is used to identify abnormal movements by comparing it with the current volume.
If the current volume is higher than a certain multiple of the moving average, this is considered a volume burst. This indicates significant activity in the market.
ALARMS
We can change the parity for which we want to receive an alarm from the settings panel and ensure that we receive an alarm at the parity we want.
VİSUALİZATİON
When an alarm occurs in our parities, a separate indicator appears at the bottom right of the chart showing which parities the alarm is triggered in.
If there is no signal in the next bar, this table is automatically deleted.
* Example
We understand that we have excessive volume in the two bars in our example and that interest in this financial product has increased in this region.
* Benefits
This indicator is especially useful for traders who care about volume changes.
This indicator can be used as a helpful tool in trading decisions, as sudden increases in volume can be the beginning of a significant move in the market.
- If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
I am an engineer who has been working in the topic of algorithmic trading for more than 5 years.By browsing our website , you can review and use many sample indicators that I have designed for you.
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