Lookback VolumeBars For Vol-Bar-Height Multiplier

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The 'Lookback VolumeBars' parameter allows you to determine on how many bars the 'Vol-Bar-Height Multiplier' should operate on.

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This 'Lookback VolumeBars' is only linked to the 'Vol-Bar-Height Multiplier' parameter.

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Example: If you enter a value of 5 on the 'Lookback VolumeBars'. This will calculate which VolumeBar has the highest volume over the last 5 VolumeBars before your Candlestick. Then, the 'Vol-Bar-Height Multiplier' parameter will begin his calculation from this highest Lookback VolumeBar preceding your main Candlestick VolumeBar.

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Vol-Bar-Height Multiplier Min/Max

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The 'Vol-Bar-Height Multiplier' parameter allows you to set a range (min-max) for the height of the VolumeBar for your main Candlestick.

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The multiplier calculation for the VolumeBar of your main Candlestick starts from the highest volume from the 'Lookback VolumeBars'.

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Example: If I set a value of 5 for the 'Lookback VolumeBars' and the highest VolumeBar of the 5 bars before your main Candlestick is the 3rd bar.

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Then the multiplier will calculate the min-max height of the VolumeBar of your main Candlestick based on the volume of the 3rd VolumeBar preceding your main Candlestick.

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So, if I set a minimum value of 2 and a maximum value of 5 for the 'Vol-Bar-Height Multiplier'. Thus, the height of the VolumeBar of your main Candlestick should be between two times (2x) to five times (5x) the height of the 3rd Lookback VolumeBar.

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Please note that the minimum value should always be lower than the maximum value.

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CandleVolume Size Minimum

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With the 'CandleVolume Size Minimum' settings, you can determine a minimum value for the volume size of your Candlestick.

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Also, you can determine a specific unit in the drop-down list for the volume of your Candlestick.

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This parameter therefore allows you to avoid volumes that are too weak for your Candlestick.

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Example 1: If you want the Volume size of your Candlestick to be a minimum of 4 million. So, put a value of 4 and choose 'M [Million]' from the drop-down list.

Example 2: If you want the Volume size of your Candlestick to be 10 but you don't necessarily want to specify a unit. So, put a value of 10 and choose 'None' from the drop-down list. And so you will detect a minimum of the volume of your Candlestick at 10 or 10K (Thousand) or 10M (Million) or 10B (Billion).

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Vol-Cross-MvgAvg | MvgAvg Length

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The 'Vol-Cross-MvgAvg' parameter allows you to decide if you want the volume of your Candlestick above the weighted moving average of the market volume.

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You can select the appropriate 'Length' value for the moving average and choose the type of moving average from the dropdown list.

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Note: SuprAlgo has specifically coded the 'Volume & MA-Signal [SuprAlgo]' indicator for this setting to assist our users in defining the most optimal configuration for their strategy.

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