Volume Levels USDJPY

Bulk levels - a very important indicator for trading. It is at these levels was done most transactions. This indicator shows at what price had the biggest trade volume for a certain period of time. Often, the price bounces from these levels in the future, and it can be successfully used in the trade. This demo version works only on the currency pair USD / JPY. To work at full steam, install the full version:

https://www.mql5.com/ru/market/product/15888

Options

• HistoryBars - the number of bars to determine the neighbors volume levels;


• Range - the maximum distance above and below the current price for the determination of levels;


• HistoryBarsLevels2 - determining the number of bars for distant volume levels;


• MinDistanceLevels2 - the minimum distance from the proximal to the distal level;


• RedrawTime - while redrawing levels;


• Step - the step of determining the levels (the smaller the pitch, the higher accuracy, but levels of analysis may take longer);


• TimeframeFindLevels - timeframe in minutes (1, 5, 15, 30, 60, 240) from which to read levels. If the value is 0, the levels will be drawn from the timeframe that is currently displayed;


• ColorLow - the color of the lower levels;


• ColorHigh - the color of the upper levels.

recommendations

The smaller timeframe, while longer setting HistoryBars, the stronger will be the levels. It is best to draw level with the short-term timeframes (value TimeframeFindLevels set 1 or 5), the levels will be better defined, but longer. Also, I recommend to try the full version of this indicator.