Quantum Tick Volumes

2018년 12월 5일

Many forex traders assume there is no volume in the foreign exchange market. And they would be correct. There is no central exchange, not yet anyway. And even if there were, what would it report?

What there is however is activity, and this is captured as tick volume. After all, volume is simply displaying activity, the buyers and sellers in the market. So for volume read activity, and for activity read volume – simple.

First, the indicator paints the volume bars the same color as the candles on the chart. This means you can quickly match price and volume bars together. If you’re trading using volume and price as your core methodology, this is imperative. Your analysis will depend on a fast interpretation of the volume price relationship.

Second, the indicator prints a dynamic midpoint based on the daily data, giving you an instant picture of whether the volume is high, medium or low in the time frame selected. Again, this is essential for correctly analyzing the price volume dynamic. After all, what is average volume in the London session, may be high volume in the Asian session. The dynamic midpoint level reveals this instantly on the indicator, helping you make sense of the highs and lows of each volume bar.

2020년 5월 6일

릴리즈 노트

Updated the calculation of the intraday midline plot

2021년 5월 20일

릴리즈 노트

Updated for PineScript version 4
Added alert condition

2024년 4월 1일

릴리즈 노트

- Added new Alert Condition: Increasing Volume - notifies user when the current volume bar surpasses the value of the previous volume bar