This is my new indicator for VSA traders or just those traders who using tick volumes in their trading process.
This is multiple timeframe version it means this indicator can show you higher timeframe data on current chart this is very handy and many traders using this to identify strong patterns and support\resistance levels earlier than price actually will make that movements.
Let’s check settings:
TimeFrame – you can choose any timeframe from the list or leave it by default for current TF.
MaPeriod – signal moving average period which helping to you to separate low volumes bars
LookBack – period of the indicator to find exremum volume values
This is example of setup:
upd : removed NumbersOfBars parameter
Place the indicator’s ex4 file to your metatrader4 indicators directory.