The Volume indicator in VolSys allows, in addition to displaying the total volume of each bar, to color the background according to delta, to filter the volume and enable graphical markers when certain user-defined conditions are reached, and to calculate the volume based on seconds to display any accelerations. 

INDEX

• Settings-of-Use
• Settings-of-Data
  • Settings-of-Data
    • 1. Volume
    • 2. Order
    • 3. Trade
  • Filter min
  • Filter max
  • Display
    • Total
    • Counter
  • Calculation Settings
    • Calculation Based on Seconds
    • Number-Seconds
  • Display Settings
    • Minimum Total Volume
    • Background Mode
      • 1. None
      • 2. Fade
      • 3. Fade delta
      • 4. Delta range
      • 5. Variation-volume
      • 6. Price variations
    • Delta-database
    • Range Delta
    • Neutral Color
  • Text Settings
  • Marker Settings
    • Volume max.
    • Diff. Vol
    • Max. Delta
    • Diff. Delta 
    • Absorption delta-total
    • Calculation-in-closing
  • Color-Marker
  • Warning-Marker
  • Volume-Medium

• Settings-of-Use

  
  

  Clicking on the'indicator settings icon, the corresponding configuration window will open, within which it will be possible to make various choices regarding the functions of the indicator itself.

  
  

  

   

  Data-Setup

  Data-Base

  Defines which data base to use for calculating the indicator, specifically you can choose from:

   

  1. Volume

  Measures the amount of volume exchanged; 

  2. Order

  Returns up 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 data base;

   

  Filter max

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

   

  Display

  Total

  Show the total volume;

  Counter

  Show the number of trades:

  
  

  Calculation Settings

  Calculation-Based-on-Seconds

  If enabled it allows volume to be calculated based on seconds, this option particularly useful in range graphs to highlight any accelerations.

   

  Number seconds

  Defines the number of seconds to apply to the calculation of the indicator;

   

  
  

  

  
  

  Settings-Display

  Vol. total-minimum

  Defines the minimum total volume to be displayed,

   

  Mode-background

  Defines the mode with which to color the background of the histogram, being able to choose from:

   

  1. None

  Fixed background color based on the colors defined in the Series in Bull Border and Bull Fill;

  
  

  2. Fading

  Fading background color according to the colors defined in Series in Bull Border and Bull Fill;

  
  

  3. Delta fade

  Delta fade background color;

  
  

  4. Range delta

  Background color according to the user-defined delta range, the border of the histogram instead will take on the color according to the delta peak reached;

  
  

  5. Volume Variation

  color the background according to the volume variation, if increasing from the previous bar it will takeà the color defined in the Series section in Bull Border, if decreasing Bear Border.

  
  

  6. Price Variations

  color the background according to the price variation. 

  
  

  

  
  

  Delta database

  Defines the database for delta calculation, being able to choose from:

  1. Volume
  2. Trade

•  

  Range Delta

  Opening the settings è you can customize the delta colorimetry based on a range of user-defined values;

   

  Neutral color

  Defines the neutral background color;

   

  Text Settings

   Allows you to change the size and color of text 

   

   

  Marker Settings

  Allows you to enable graphical markers when certain conditions are met:

   

  Volume-max.

  Defines the maximum minimum volumes that the bar has reached;

  
  

  Diff. Vol

  Defines the difference in volume from the maximum peak reached, this setting is useful if you are using seconds-based volume calculations, allowing you to view any volume returns;

  
  

  Max. Delta

  Defines the minimum maximum delta that the bar has reached;

  
  

  Diff. Delta 

  Defines the difference in delta from the maximum peak reached.

  
  

  For a better understanding of the marker settings observe the figure below, for example in this case you want to highlight bars that reach a max. minimum of 2500 and a delta peak, in absolute value, of 800, thus identifying the most volumetrically relevant push bars.

  
  

  
  

  

  
  

  If, on the other hand, you are using the volume calculation based on seconds and want to highlight delta indents, look at the figure below. In this example, you want to highlight bars that reach a minimum max. volume of 1000, a delta peak, in absolute value, of 500 and a re-entry from that peak of at least 200, thus identifying those situations in which a strong push is absorbed, outlining a potential reversal.

  
  

  
  

  

  
  

  
  

  
  

  Total delta absorption

  If enabled, it allows highlighting only those bars that once they reach the minimum maximum peak indicated above, then close with a delta of the opposite sign, thus indicatingì a total delta absorption.

  
  

  Calculation-in-Closing

  If enabled the marker will only activate on bar closure, whereas if disabled the marker may activate with the bar in progress and then subsequently deactivate if the volume and delta conditions no longer meet the established conditions.

   

  
  

  
  

  Marker Color

  Defines the color of the marker differentiating by absorptions in Bid and absorptions in Ask, as well as its opacity.

   

  Marker-Notification

  Enables an audible notification and a popup message.

  
  

  For explanations on how to add an audible notification on VolSys, please refer to the article on Adv. Time and Sales.

   

   

  Average Volume

  Enables an average for volume and defines the number of days for its calculation.