Better volume indicator code

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Better volume indicator for TradeStation, MultiCharts & OpenECry

Indicator description

The Better Volume indicator uses a combination of bid/ask volume and range to identify Volume Climax, High Volume Churn and Low Volume bars. Market tops are characterized by Volume Climax Up bars, High Volume Churn and Low Volume Up bars (also called Testing). Market bottoms are characterized by Volume Climax Down bars, High Volume Churn and Low Volume Down bars (Testing). Pullbacks, in either up or down trends, are similar to market topping or bottoming patterns, but shorter in duration and with simpler volume patterns. The Better Volume indicator works in all markets and for all time frames - but is particularly useful for tick charts.

This indicator code is compatitble with the following trading platforms

TradeStation, MultiCharts, OpenECry

Code notes

Get premium access and you can copy/paste the code below. What you see below is screenshot (an image) of the code for this indicator. The code cannot be copied from this image and pasted into a trading platform. Sign up for premium access to be able to copy this code into your trading platform.

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Code for Better volume indicator

Code for Better volume indicator easylanguage

Better volume indicator on a chart

Better volume indicator on a chart




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