XP Volume:
If you don't believe in the MetaTrader Volumes
indicator, this indicator is not for you!
Figure 1 - Volumes
The indicator uses 2 moving averages calculated on
the Volumes indicator, by other means 2 moving averages
of Volumes indicator!
The first moving average is 6 SMA of Volumes and the
second moving average is 24 SMA of Volumes indicator!
When the 2 moving average crosses up it's mean the
market is trending!
When the 2 moving average crosses down it's mean the
market is ranging!
As you see in figure 2 the indicator will be above 0
line in the case of trending market, and below 0 line in
the case of ranging market!
Figure 2 - XP Volume
I hope you enjoy the xpVolume and hear your comment!
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xpVolume
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