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Volume Levels


Volume levels are a very important indicator for stock trading. It was at these levels that the most transactions were made. This indicator shows at what price there were the most trading volumes for a certain period of time. Often, the price bounces off such levels in the future, and this can be successfully applied in trading. It works on any currency pairs.

  • HistoryBars – the number of bars used to determine the nearest volume levels;
  • Range – the maximum distance above and below the current price to determine the levels;
  • HistoryBarsLevels2 – number of bars for determining the far volume levels;
  • MinDistanceLevels2 – minimum distance from near level to far level;
  • RedrawTime – time for redrawing levels;
  • Step – the step of determining levels (the smaller the step, the higher the accuracy, but the calculation of levels can take longer);
  • ColorLow – color of the lower levels;
  • ColorHigh – the color of the upper levels.

The smaller the timeframe, and the larger the HistoryBars parameter, the stronger the levels will be. When used on a 5-digit account, it is better to increase the Range and MinDistanceLevels2 parameters by 5-10 times. The indicator is best used on small timeframes (M1, M5, M15, M30), but it can also be used on larger ones.



Free Download and Review Volume Levels from Fxbotreview.com/

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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