The indicator shows shifts of maximum volumes in the given time period.
*Note! When installed, the indicator has default settings and these settings are not suitable for all instruments and time frames, so the indicator needs to be configured.
In order to add and set this indicator, open Indicator Settings.
*Note! The indicator calculates based on the data loaded on the chart. That is, if you upload five days to the chart and select a month for the indicator period, it will not calculate the data for the month, but only for five days.
Days - the number of days loaded for the indicator.
Type ‑ a type of calculated value of the maximum level. Six display options are available:
Period ‑ a calculation period. Five display options are available:
- All period
Filter ‑ the minimum value of the calculated parameter at which the indicator takes data into account.
Show Volume ‑ a possibility to enable/disable the display of numerical values at the maximum level.
Volume Visualization Type – two display options are available:
- At start ‑ the amount will show the parameter value at the time of a level shift.
- Accumulated ‑ the amount is accumulated by the given price from the beginning of the time interval chosen.
Approximation Alert –you can set up an alert before it approaches the price level.
Approximation Filter – the distance between the price and the maximum level to configure an alert.
POC level change alert
POC touch alert
VAL touch alert
VAH touch alert
Alert File – select an alert file (you can set your own sound, the details are here: Sounds Settings)
Font Color – the text color of notifications that are displayed in the Alerts window when an alert is triggered.
BackGround – the background of the Alerts window where notifications will be displayed when an alert is triggered.
Dynamic levels – a color setting of the maximum level line.
Show zero values.
Show value – display the indicator value on the price scale.
Scale – if this option is enabled, the scale will be automatically calculated based on the minimum and maximum values of the indicator in order for the indicator to fit on the chart.
Visual type - a visual setting of the indicator display on the chart:
- Up arrow
- Down arrow
- Axis label
Line style - set the type of the line display:
- Dash - dot
- Dash - dot - dot
Width - set the thickness of the indicator line.
Value Area – a color setting of the Value Area background.
Value Area 1st Line ‑ a color setting of the Value Area’s first line (the settings are similar to the Dynamic Levels drawing settings).
Value Area 2nd Line ‑ a color setting of the Value Area’s second line (the settings are similar to the Dynamic Levels drawing settings).
Also read the following related articles:
GETTING ACQUAINTED WITH ATAS. ADVANTAGES OF WORKING WITH INDICATORS
LEVEL ANALYSIS FOR TRADING USING DYNAMIC LEVELS INDICATOR
HOW IS DYNAMIC LEVELS USEFUL FOR INTRADAY TRADING?
WHICH INDICATOR TO CHOOSE FOR YOUR TRADING STYLE
HOW TO ANALYZE THE MARKET AND DEVELOP A TRADING PLAN IN A COUPLE OF MINUTES
IDENTIFYING SUPPORT AND RESISTANCE AREAS: 6 WORKING METHODS FOR ANY MARKET
TRADING BY LEVEL USING INDICATORS
TWO VOLUME INDICATORS THAT WILL HELP TO IDENTIFY LEVELS
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