DOM Strength

The DOM Strength indicator shows the ratio of the traded volume for the specified period to the current volume in the DOM. Markers, the color of which indicates the current ratio of completed trades and the DOM, are displayed on top of the Delta indicator. The markers on the top show the ratio of buys to the ask volume in the DOM, while the markers on the bottom show the ratio of sells to the bid volume.


The indicator view in the chart:

Image 36254


The indicator has the following parameters:

Image 36255


Settings

Period - the number of bars whose volume is calculated.

Percent - the initial ratio of the volume and the DOM, from which the divergence will be determined.


Color

80% Color - color of a 80% divergence

50% Color - color of a 50% divergence

20% Color - color of a 20% divergence

-20% Color - color of a -20% divergence

-50% Color - color of a -50% divergence

-80% Color - color of a -80% divergence


Drawing

Candles

Visible (visibility) - enable and disable the visibility of HA candles.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Up Candle Color

Down Candle Color

Candle Border

Mode

  • Candles
  • Bars

This article was helpful for 2 people. Is this article helpful for you?