Volume variation

Trading volume is a measure of how much of a given financial asset has been traded over a period of time.

Looking at volume patterns over time can help get a sense of the strength or conviction behind advances and declines in specific stocks and entire markets.

Within this indicator, what strategy does Anny offer?

1. Volume variation between candles

2. Volume variation over average

1. Volume variation between candles

Logic of the algorithm:

• Fires when the volume of the last candle is x% higher than the previous

Configuration:

• Pre-configured for the candle of 30m.
• Fires when there's an increase of 200%.

2. Volume variation over average

Logic of the algorithm:

• Fires when the volume of the last candle is x% higher than the average of a given period.

Configuration:

• Pre-configured for the candle of 1d over 120 periods.
• Fires when there's an increase of 10%.

Hints💡

• For an additional confirmation, combine it with a volume increase indicator.