Indicator that allows you to build and display session delta based on the chosen filters. For example, a session delta can be built only on the trades, the volume of which exceeds a certain level, namely, the “big players”.
Indicator view on the chart.
*Note! When setup for the first time, the indicator has the settings by default, and those settings are not suitable for all instruments and time-frames, thus it has to be attuned.
To add and setup the following indicator, open the Indicators Setup window.
Market Power indicator setup:
Show Legend – displaying the name on the indicator panel.
Color – color setup for the indicator line.
High Low Color – color setup for the High/Low line.
SMA Color – color setup for the simple moving average.
SMA Period – period setup for the simple moving average.
Width – indicator line width setup.
Show Cumulative – if this option is off, the indicator will be displayed as a histogram.
Show High/Low – turn on/off the High/Low line.
Show SMA – turn on/off the simple moving average line.
Maximum/Minimum Volume – using this option, parameters for building the session delta for trades within a certain volume range are setup.
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