Volume 2.0
This indicator compares the current bar's trading volume to the average base and the given coefficient. It is available for ISignal entry and exit on Binance and Bybit.
Fill in the card
In the right block, select $2.0. The instrument is out of the question. Select The TF from the list of this card and enter The period for the middle base. For the calculation, use an integer from 2 to 720 bars; during period 1, the calculation may not give a signal.
Enter The coefficient from 0.1 to 500. It multiplies the average base and sets the threshold for comparison, not the order volume or the profit percentage. If the value is rejected, correct it according to the form message.
By default, the period 60 is indicated, the coefficient 2 and the Rise above. These are the basics of the new card, not the trading recommendation.
Select the condition and time of check
In the Allow entry field, if you select:
Growth over current volume should be significantly greater than the average base multiplied by the coefficient.
The growth of less than current volume should be much less than this work.
The threshold equation doesn't signal in these two conditions. The market trades are checked; the field does not refer to the size of your positions.
Select Closing the bar or Intersecting (secondly) in the Calculation field. In the second mode, the volume of the bar is still building up. The condition does not require a separate price change.
Check the signal role
The indicator does not define the long or short by volume growth. In the entrance block, the direction is taken from the task. The exit block can be used to close any side.
The exit action specifies the field at the time of receiving the signal. The deviation mode depends on the configuration and type of robot and does not guarantee profitable execution. The same name filter is a separate card.
Save the settings and check the task according to ISignal. — The ISignal instructions You need data and a ready-made average base to get it working. The signal doesn't confirm the execution of the order on the exchange.