TTW Market Volume Stops show exhaustion of market aggressors (Bid or Ask) and thus indicate high probability trade opportunities. Utilize Market Volume Stops to find as precisely as possible swing highs and swing lows as.
After a market volume stop occurs, there is a certain probability that the market will turn in the opposite direction due to exhaustion. If the market later returns to the price level of the stop run signal, a “re-test” at this point offers a good possibility to enter the market at support/resistance. Pay particular attention to the market behavior after the market volume stop signal, especially in highly volatile market phases.
ULTRA
Based on a user-defined, asset-specific volume threshold, the Market Volume Stop signal is triggered when (1) traded volume exceeds the defined threshold level and (2) the parameters of the formula are met. Important: The Market Volume Stop will work for all markets: Futures, Stocks, and Cryptos. MbO data is not needed!
Different Market Volume Stop signals at different prices. ES for dxFeed.
The reason for selecting two signal levels are
The volume below the signal level threshold is ignored
Market Volume Stop Signal allows the analysis of a high market volume for every available instrument. MbO data is not required.
Enable / DisableEnable or disable the Market Volume Stop signal Level 1 and Level2 on the chart by clicking the “Enable” checkbox.Signal Level 1A minimum level 1 of volume must be triggered to display a signal. After the trigger volume is reached and there is a 10% return under the triggered volume, the signal is immediately displayed.
Signal Level 2A minimum level 2 of volume must be triggered to display a signal. After the trigger volume is reached and there is a 10% return under the triggered volume, the signal is immediately displayed.Pullback Duration in minutes and Pullback Price Change in ticksThe new Market Volume Stop settings “Pullback Duration” and “Pullback Price Change” help you find better tradable price level signals by reducing Market Volume Stop signals during strong market trends. Having adjusted the settings to your instrument, you will see fewer but more reliable swing high and swing low-volume stop signals.If the price moved less than “Pullback Price Change” ticks in the right direction since the last signal, MVS signals will be paused for “Pullback Duration” minutes.Example: A pullback duration of 2 minutes and a pullback price change of 20 ticks means TradeFinder MVS won’t look for new swings for 2 minutes if the price moved less than 20 ticks (or 5 points in ES) in the right direction since the last signal.Design and LayoutClick on the “Edit” Button to change the symbol, color, position, “show price” on the chart, and size of the signals on the chart. Alert SoundAcoustic signal that sounds when conditions are met for a Market Volume Stop.Send Telegram NotificationsEnabled / Disabled allows you to send a notification to the messenger service “Telegram”.Enable Bookmap NotificationsEnabled / Disabled activates the Sound Alerts in Bookmap.
Signal Settings for Buy Stop and Sell Stop Signal
Design
Customizable from Symbol Only, Compact, Advanced, Professional
Symbols
Arrow, Triangle, or Flag gives the signal a link to the event.
Color
Different customizable colors.
Transparency
Defines the symbol transparency on the chart. Makes it easier to spot crucial signals on the chart
Layout
Different Layouts are possible by dragging the slider to the right.
Position
Position the symbol on the chart to avoid interference with different symbols.
Size
Makes the information within the symbol box readable by enlarging the characters.