Market Volume Pro Settings

MVP settings window
MarketVolumePro settings window

Exponential Half Time: Decay time is used to determines the decline in speed for the volume signals. The shorter the time the faster the signal line. The higher the Exponential Half time the slower the signal line.

vDelta/Stop Line: Color settings for the vDelta Line in the sub chart.

hitBid/liftAsk Line: Color settings for the hitBid/liftAsk lines in the sub chart.

vDelta/StopRun +/- Signal: Volume that must be triggered to get a signal on the chart after the signal line crosses the zero line.

vDelta/StopRun +/- Signal Absolute: Volume that must be triggered when the number is reached after a 10% return below the trigger volume.

vDelta/StopRun zero-cross Signal: Volume that must be reached to be displayed on the chart around the zero-cross line.

Telegram Settings: See ttwtrader.com knowledge base of how to set up Telegram notifications.

General Settings

MVP general settings window
MarketVolumePro general settings window

General customization settings for the MarketVolumePro add-on:

  • Color: You can customize the color of the indicators and signals on the chart. The color picker allows you to select from a wide spectrum to differentiate between various signals clearly.
  • Symbol: This setting lets you choose different symbols to represent different types of signals on your chart, such as arrows for buy or sell indicators.
  • Size: The size of the symbols can be adjusted according to your preference, with options ranging from very large to small. This helps in prioritizing the visibility of different types of signal.
  • Position: You can determine the position of the symbol relative to the price on the chart. Options like 'OnPrice' place the symbol directly on the price line, while 'Far from Price' positions it at a distance from the price, helping to avoid clutter and maintain a clear view of the price action.
  • Show Price: This toggle allows you to choose whether to display the price alongside the symbol. Enabling it could provide immediate price reference, while disabling it could offer a cleaner chart appearance.
  • Alert Sound: You have the flexibility to set predefined or customized sound files for alerts. Advanced settings enable you to choose different sounds for different alerts, while basic settings likely offer simpler choices.
  • Send Telegram Notifications: This feature enables you to receive alerts through Telegram. The Knowledge Base can provide detailed steps on setting up your Telegram bot for receiving these notifications.
  • Bookmap Alert Message: You can enable alert messages that will appear in the Bookmap alerts window. This integration ensures that you're notified within the Bookmap platform whenever a signal is triggered.

These settings allow for a high degree of personalization so that you can tailor the MarketVolumePro add-on to fit your trading style and needs. Whether you prioritize visual clarity, immediate audio feedback, or integrated messaging, these settings are designed to enhance your trading experience with tailored alerts and indicators.

Exponential Half-Time

Exponential Half Life Schema
Exponential Half Life Schema

In the context of MarketVolumePro, 'Exponential Half Time' refers to a specific setting that affects how volume data is visualized, particularly in terms of the decay or decline of volume signals over time. This concept is rooted in the idea of exponential decay, a mathematical principle where a quantity decreases at a rate proportional to its current value.

  • Decay Time: This is a parameter that controls how quickly the volume signals fade or decrease in intensity over time. In this context, it's called 'Exponential Half Time'.
  • Determines the Decline in Speed for the Volume Signals: The Exponential Half Time setting essentially dictates how fast or slow the volume signals will diminish. This is crucial for traders who rely on volume data to make decisions, as it impacts how recent or relevant the displayed volume information appears.
  • The Shorter the Time, the Faster the Signal Line: When the Exponential Half Time is set to a lower value, the decay of volume signals occurs more rapidly. This means that older volume data becomes less significant quicker, making the signal line more responsive to recent volume changes. This setting might be preferred by traders looking for quick, short-term opportunities.
  • The Higher the Exponential Half Time, the Slower the Signal Line: Conversely, setting a higher Exponential Half Time results in slower decay of the volume signals. This makes the signal line less reactive to immediate volume changes but provides a smoother and potentially more stable view of volume trends over time. Traders who focus on longer-term strategies might prefer this setting, as it filters out short-term volume fluctuations.

In summary, the Exponential Half Time setting in MarketVolumePro allows traders to adjust how volume data is processed and displayed, tailoring the responsiveness of volume signals to their trading style and needs. This flexibility is key in helping traders interpret market volume more effectively, whether they're looking for rapid responses to market changes or a steadier, more consistent view of volume trends.

Example: Exponential Half-Life = 60

Exponential Half Life with value of 60
Exponential Half Life with value = 60 seconds

Example: Exponential Half-Life = 10

Exponential Half Life with value = 10 seconds
Exponential Half Life with value = 10 seconds

vDelta/StopRun Line

MVP customization settings
vDelta line can be customized in the indicator settings window

Customize your vDelta and Stop Run lines' colors by clicking on the color field. This will let you personalize how the vDelta line and the Zero Line appear.

The Symmetric Axis feature draws all lines symmetrically around the zero line in the sub-chart, ensuring balanced visual analysis.

hitBid/liftAsk Line

Customization settings for HitBid and LiftAsk lines
Customize your hitBid and liftAsk lines' colors by clicking on the color field. This will let you personalize how the hizBid and liftAsk lines appear in the sub chart.

vDelta/StopRun +/- Signal

Customization settings for vDelta signals
vDelta signal values can be customized in the indicator settings window

The vDelta +/- Signal in the image is used to help traders identify significant volume events.

  • Signal Line: There's a line on the chart that oscillates above and below a central zero line, which is the vDelta line. It appears to measure the difference in volume between buy orders and sell orders over time.
  • Zero Line Cross: The zero line acts as a baseline from which traders can observe shifts in market sentiment or activity. When the vDelta line crosses this zero line, it indicates a change in the dominance of buying versus selling volume.
  • vDelta +/- Signal Activation: For a vDelta signal to be plotted on the chart, a certain volume threshold must be met. This threshold is set by the user (e.g., the number '150' in the settings window suggests the minimum volume required for a signal to be considered significant).
  • Triggered Signals on the Chart: Once the signal line crosses the zero line and the set volume threshold is reached, a signal is triggered and plotted on the chart. In the image, these signals appear as colored arrows pointing upwards or downwards, corresponding to significant buy or sell volume events.
  • Signal Color and Direction: The arrows' color and direction likely represent whether the volume event was dominated by buying (often depicted with green and pointing upwards) or selling (often depicted with red and pointing downwards).
  • Configuration: Users can customize when and how these signals appear by adjusting the 'Signal Level' setting, ensuring that the vDelta +/- Signal aligns with their trading strategy and volume significance criteria.

In essence, the vDelta +/- Signal is designed to visually alert traders to significant shifts in market volume that could potentially impact price movement, thereby aiding in decision-making regarding entries, exits, or understanding market momentum.

vDelta/StopRun +/- Signal Absolute

Customization settings for absolute signals
vDelta absolute signal values can be customized in the indicator settings window

The vDelta +/- Signal Absolute is used to highlight significant volume events on a trading chart.

  • vDelta +/- Signal Activation: The trading software monitors the volume difference between buy and sell orders (vDelta). A signal is activated when a pre-set volume threshold is reached. In the settings window, it shows 'Signal Level' set to '150' and 'Signal Absolute' set to '500', indicating two types of volume thresholds for different signals.
  • Signal Trigger Condition: For a signal to be plotted on the chart, the volume must reach the number specified in the settings after a 10% retrace from that volume level. This suggests that after the volume hits the threshold (e.g., '500' in the Signal Absolute), it then must decrease by 10%, and upon returning to the threshold, a signal is generated.
  • Signal Plot on the Chart: Once the conditions are met, a signal will appear on the chart. In the image, there are numerical indicators (e.g., '502' at the top of the chart) that likely represent the moment when the volume threshold has been triggered.
  • Purpose of the 10% Return Rule: This feature is designed to filter out noise and confirm the strength of a market movement. A volume spike followed by a slight pullback and then a return to high volume could indicate a stronger market interest or commitment to a price direction.
  • Visual Indicators: The sub chart displays a horizontal line (with associated numerical volume data) and possibly an arrow or other graphical marker when the threshold is met, providing a visual aid for traders to quickly identify these events.

Overall, the vDelta +/- Signal feature is a sophisticated volume tracking tool, allowing traders to set specific conditions to identify significant market movements, aiding in more informed decision-making based on volume analysis.

vDelta/StopRun Zero-Cross Signal

Customization settings for zero-cross signal
Zero Cross signal values can be customized in the indicator settings window

In the image, the vDelta zero-cross signal provide visual cues on a trading chart whenever the volume at the zero-cross line reaches a specified level.

  • vDelta Line: This is likely a line that fluctuates around a zero line on the chart, reflecting the real-time net difference between buy volume and sell volume.
  • Zero-Cross Line: This zero line is a horizontal reference that the vDelta line crosses, which typically indicates a potential change in market sentiment or an equilibrium point between buy and sell volumes.
  • Volume Threshold for Zero-Cross Signal: In the settings window, there is an option labeled 'vDelta/StopRun zero-cross Signal' with a 'Signal Level' set to '20'. This setting implies that for a zero-cross signal to be displayed on the chart, the volume must reach at least this 'Signal Level' when the vDelta line crosses the zero line.
  • Display of the Signal: On the chart, when the vDelta line crosses the zero line and the volume is equal to or greater than the specified 'Signal Level', a signal is likely plotted. This helps traders quickly identify moments when there is a notable volume at the point of zero-cross, which could indicate significant market activity.
  • Purpose of the Zero-Cross Signal: This signal can be important for traders as it may point to a momentum shift or a possible trend reversal when significant volume accompanies the zero-crossing of the vDelta line.

In summary, the vDelta zero-cross signal feature provides traders with an easy way to spot when substantial volume is present at the moment the net volume difference crosses the zero line, potentially highlighting key trading opportunities or market movements.

Telegram Settings

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