The Volume Sprint Volume Sprint indicator from VolSys allows the user to visualize through a histogram at the foot of the chart the delta sprints of a given user-defined period. This indicator is particularly useful for identifying divergence with price.

INDEX

• Settings-of-Use
• Data-Setting
  • Data-Base
  • Filter min
  • Filter max
  • Periods
• Settings-Display
  • Display Mode
  • Color Mode
• Dev. Std.
  • Line dev. std.
• Series

Settings-of-Use

Clicking on the indicator's settings icon will open its configuration window, within which you can make several choices regarding the indicator's functionality. 

Data-Setup

Data Base

Defines which database to use for calculating the indicator, specifically you can choose between:

1. Volume

Measures the amount of volume traded in the specified period.

2. Order

Track the number of orders placed

3. Trade

It tracks the number of trades executed 

For a more detailed explanation please refer to the link "Data base type"

Filter min

Allows you to apply a minimum filter to the chosen database;

Filter-max

Allows you to apply a maximum filter to the chosen database, if the value 0 is left the indicator will not apply any maximum filter;

Periods

Defines the number of periods on which the indicator calculation is based, e.g. 10 periods means that you will go to calculate the Sprint Volume on the last 10 bars of the chart.

Settings-Display

Display mode

Defines the mode in which to display the indicator, being able to choose between:

1. Delta

2. Volumi Ask

3. Volumes Bid

Mode-Color

1. Fade 

The greater the value of the indicator, the greater the intensity of the histogram color;

2. Fixed

The indicator histogram will have fixed color.

Dev. Std.

Line-dev. std.

Defines the standard deviation line, which allows you to check when a push is relevant;

Series

In this section you can change the color of the Volume Sprint and the Standard Deviation, change the style of the series and the line thickness.