In the ever-evolving world of currency trading, the UPD1 Volume Footer emerges as a unique and high precision Forex software. It is designed to enhance Forex market analysis, and the implementation of Forex trading strategies by providing traders with accurate and insightful vertical volume data.
Understanding the UPD1 Volume Footer
The UPD1 Volume Footer is an advanced trading software that uses a similar algorithm as the UDP1 Volume Pixel indicator. It identifies and reflects the vertical volume on a trading chart, providing traders with critical information about the market’s liquidity and movements. The software’s algorithm uses two coefficients to determine high and extreme volume and one coefficient to determine low volume.
Key Features of the UPD1 Volume Footer
The key feature of this software is its ability to automatically select the width of the histogram, depending on the scale, once the specified volume is detected. This feature paints the histogram in the appropriate color, providing a visual representation of the volume data. It’s essential to note that while the price tends to react to the maximum and minimum volume, it is necessary to use confirmation signals to make informed trading decisions.
Configuring the UPD1 Volume Footer
The UPD1 Volume Footer comes with user-friendly input parameters divided into main settings, visual settings, Polus settings, and alert settings. The Main Settings include Bars Count, which indicates the number of bars on which the Volume Footer will be drawn, and Calc Bars, the average number of candles to determine the volume deviation. The Low, High, and Extreme Volume Factors are coefficients used to define the respective volumes.
Visual and Polus Settings
In the Visual Settings, users can choose the colors to color the histogram depending on the volume and direction of the candle, and also set the thickness of a regular and color histogram. The Polus Draw Polus feature allows users to turn on the poles, defined as inverse fractals, with a higher volume on the left and right than the current one.
Alert Settings
The Alert Settings enable users to configure notification settings, including enabling/disabling alerts, specifying the time period when the alert will be active, and choosing the mode of notification – popup, phone, email, or sound. The Alert Sound Name feature allows users to select the file for the sound alert.
Independent Testing of UPD1 Volume Footer
Independent testing of the UPD1 Volume Footer is available on the forexroboteasy.com website. Subscribing to updates on the testing results of this product is also an option for users interested in tracking its performance over time.
Share Your Experience
We invite users of the UPD1 Volume Footer to share their experiences in using this high precision Forex software. Your insights could be invaluable to others in the Forex trading community.
FAQs
What is the UPD1 Volume Footer? The UPD1 Volume Footer is a high precision Forex software designed to provide traders with accurate vertical volume data.
How does the UPD1 Volume Footer work? The software uses a unique algorithm that uses specific coefficients to determine high, low, and extreme volume. Once the specified volume is detected, the software paints the histogram in the appropriate color.
Where can I test the UPD1 Volume Footer? You can watch independent testing of the UPD1 Volume Footer on the forexroboteasy.com website.
Can I customize the UPD1 Volume Footer settings? Yes, the software comes with user-friendly input parameters that you can configure according to your trading needs and preferences.
This review provides an independent, comprehensive view of the UPD1 Volume Footer. It does not endorse or promote any product, but aims to inform and guide potential users in their decision-making process.
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