Volume Treshold [UTS]

16 feb 2021

Volume Treshold
Helps to identify periods of high and low volume.
This information can be used to evaluate market trends and to determine trade entries and exits.

Note: this only works on charts with volume information available

• Treshold line changes color if a candle is more than x percent of the average volume of the last n candles
  
• Treshold line changes color back to gray again if volume falls below the treshold
  
• A lookback period defines how many bars should be taken into consideration
  
• % that causes it to be triggered settable in decimals up to 3.5 where 1.0 equals to 100%
  
• Colour to change the volume bar to can be set via menu
  
• Ability to show the treshold as visualized drawing over the histogram as line or area
  
• Ability to choose smoothing method for treshold calculation (SMA | EMA)
  
• An optional Simple Moving Average of the volume data can be added to the chart.