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TTW-VolumeFlow for Bookmap

TTW-VolumeFlow is an advanced trend-following indicator developed by TTW Trading Systems for the Bookmap platform. It follows the volume trend and gives a sign when the volume is higher than the defined filter.

The core philosophy behind the indicator can be summarized with the motto: 'Are there buyers or sellers after me?'. By combining volume trend analysis with ATR (Average True Range) calculations, TTW-VolumeFlow provides traders with additional market insights that can complement their existing trading strategies.

Core Functionality

TTW-VolumeFlow operates as a volume trend follower that identifies when volume exceeds defined thresholds. The indicator:

  • Monitors volume levels relative to recent average volume
  • Analyzes price movement in relation to volatility using ATR calculations
  • Provides trend context using ATR Trailing Stop methodology
  • Displays volume information with customizable visual markers
  • Offers optional sound alerts and notification capabilities