Focusing on Forex software, this review dives into the specifics of CustomVolumeDelta, a tool that can significantly enhance your Forex trading experience. Specialising in volume delta, this trading software is a must-have for Forex market analysis and currency trading.

The Functionality of CustomVolumeDelta

CustomVolumeDelta is a unique indicator that displays volume delta, which can be of either tick volume or real volume. This information is encoded in a custom symbol that is generated by expert advisers such as RenkoFromRealTicks. The software has been designed to overcome the limitations of MetaTrader, which doesn’t allow negative values in the volumes.

For this reason, deltas are encoded in a special way, and the CustomVolumeDelta indicator is used to decode and display them. However, it’s worth noting that this indicator is only applicable for custom instruments generated in a suitable manner (with signed volumes encoded). Applying it to other charts would be ineffectual.

Applicability in Different Scenarios

For Forex tickers, the real volume field is always vacant. Thus, renko generators and other types of custom symbol generators can save tick volume delta into the real volume field. For exchange tickers, real volumes are provided, making tick volumes less significant. In this case, the tick volume field may be used to store the delta of real volumes.

Parameters of the CustomVolumeDelta

The CustomVolumeDelta software allows the user to specify the field from where to read and decode the volume delta. The options available are TickVolume or RealVolume.

Independent Testing of CustomVolumeDelta

For those interested in verifying the effectiveness of CustomVolumeDelta, independent testing of this product is available on the forexroboteasy.com website. Subscriptions to updates on the testing results of this software are also available, ensuring that users are always in the loop regarding the latest developments and improvements of this Forex trading tool.

Invitation to Share Your Experience

We invite all users of the CustomVolumeDelta to share their experiences and insights regarding the product. Your feedback can help others make more informed decisions, and can also contribute to further improvements of the software.

This is an independent product review and does not endorse or promote the product. The product is referred to in the third person, maintaining an unbiased and professional tone throughout the review.

FAQ

What is CustomVolumeDelta?

CustomVolumeDelta is an indicator used in Forex trading that displays volume delta, which can be of either tick volume or real volume. It is encoded in a custom symbol, generated by expert advisers like RenkoFromRealTicks.

How does CustomVolumeDelta overcome the limitations of MetaTrader?

MetaTrader doesn’t allow for negative values in the volumes. CustomVolumeDelta encodes deltas in a special way which can then be decoded and displayed by the CustomVolumeDelta indicator.

Where can I find independent testing of CustomVolumeDelta?

Independent testing of CustomVolumeDelta can be found on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product on the same website.