The Volume Sprint Advanced indicator from VolSys represents an evolution of Volume Sprint, like the latter it allows the user to visualize through a histogram at the foot of the chart the delta thrusts of a given user-defined period. In addition, it allows one to display the line of volumes executed in Bid and volumes executed in Ask and to perform a smoothing of the data through the use of a moving average so as to obtain a leveling of the values.

INDEX

• Settings-of-Use
• General
  • Database
    • 1. Volume
    • 2. Order
    • 3. Trades
  • Filter min
  • Filter max
  • Periods
  • Delta Color Mode
    • 1. Fading
    • 2. Fixed
• Smoothing
  • Average Type
  • Periods
• Series

Settings-of-Use

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

General

Database

Defines which database to use for the calculation of the indicator, specifically you can choose from:

1. Volume

Measures the amount of volume traded in the specified period;

2. Order

It measures the number of orders placed;

3. Trade

Keeps track of the number of trades executed;

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

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;

Periods

Defines the number of periods on which the calculation of the indicator is based, for example 10 periods means that you will be calculating the Sprint Volume on the last 10 bars of the chart.

Delta Color Mode

1. Fading

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

2. Fixed

The indicator histogram will have fixed color.

Smoothing

Enables smoothing of the indicator based on a moving average

Average Type

Defines the type of moving average to be used, being able to choose from:

1. Simple
2. Exponential
3. Triangular
4. Weighted

Periods

Defines the number of periods of the moving average.

Series

In this section you can change the color the style of the series and the thickness of the Delta line, Volume in Bid and Volume in Ask.