Market Power

This indicator allows you to build and display session delta based on the trades of the chosen filters. For example, you can build a session delta of only those trades whose volume exceeds a given level, i.e. “major traders”.

Indicator view on the chart.

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*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.

To add and set up the following indicator, open the Indicators Setup window.


The Market Power indicator settings:

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Misc.

Show Description - display the name on the indicator panel.

Visualization

Show Cumulative – if this option is disabled, the indicator will be displayed as a histogram.

Show High/Low – enable/disable the High/Low line.

Show SMA – enable/disable the moving average line.

Volume Filter.

Cumulative Trades.

Maximum/Minimum Volume – use this option to set the parameters for building a session delta only for those deals whose volume exceeds the specified level.

Settings.

High Low Color – a color setting of the High/Low line.

Color – a color setting of the indicator line.

SMA Color – a color setting of the moving average.

SMA Period – set the period of the moving average.

Width – set the thickness of the indicator line.

Drawing

Panel - select the panel to display the indicator.

IMPORTANT! To optimize the load on the server, the indicator data is displayed only for the current session.

Also read the following related articles:

GETTING ACQUAINTED WITH ATAS. ADVANTAGES OF WORKING WITH INDICATORS

HOW TO USE HORIZONTAL VOLUME AND MAKE YOUR TRADING MORE PROFITABLE

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