Volume Average % Cross - ChartVolume Average Percentage Cross Indicator - Chart
This version is specialized for notifications on your chart. If you wish to see notifications on your volume bars please choose "Volume Average Percentage Cross Indicator - Default".
What is the Volume Average % Cross - Chart Indicator you might ask yourself - what is it for?
I will tell you!
Use Case:
In my Indicator you have an Input to set the period for the volume average period.
Once the volume average period is calculated it is now necessary to choose the percentage value.
What is the percentage value?
The percentage value multiplies the past volume bar with a positive percentage value and a negative percentage value. I give this calculation the name "VolPercentage".
If the volume average is below the negative VolPercentage Value it means that the last volume bar is stronger than the volume average period by the percentage you set the percentage value input at.
If the volume average is above the positive VolPercentage Value it means that the last volume bar is weaker than the volume average period by the percentage you set the percentage value input at.
That means that if for example the percentage value would be 20 it would require the volume average to be 20% above the past volume bar.
That means that if for example the percentage value would be 20 it would require the volume average to be 20% lower than the past volume bar.
Once I uploaded my 100 Indicators I will accurately describe each indicator with videos, this will be huge!
Interpretation:
Volume is the amount of market participants who bought in a candlestick bar a set amount of shares at varying prices from within the bar itself.
If volume decreases it means that there has been fewer market participants and if it increases it means that there is an increase of market participants.
If this is used with candlestick patterns it helps tremendously to identify strong or weak doji candlesticks.
Volumeaveragecross
Volume Average Cross - VAC ChartVolume Average Cross Chart Indicator
This indicator plots signals from two different volume averages when they cross on the chart.
It does not show the default volume bars, to see them please go to my VAC Default Indicator.
This is VAC Chart. If you want to see the crosses on your volume bars and not on the chart please go to my VAC Default Indicator.
Rules:
Fast Volume Period always has to be lower than the Slow Volume Period to trigger correct signals.
Inputs:
-> Fast Volume Average Period
-> Slow Volume Average Period
-> Option to enable/disable the cross-signals
