Italo Volume Indicator

Overview of the Italo Volume Indicator

The Italo Volume Indicator is a powerful tool designed to provide traders with a clear and comprehensive view of market volume dynamics. Built after seven years of experience in the Forex market, this indicator is unique in its ability to display both wave volume and candle volume simultaneously. This dual display helps traders predict market trends and filter out consolidation phases with high accuracy.

Key Features

• Unique Algorithm: The Italo Volume Indicator uses a proprietary algorithm to analyze market volume, making it more reliable than other volume indicators.
• Predict Trends: The indicator helps traders predict where the next trend is likely to occur with high probability.
• Filter Consolidation: It effectively filters out consolidation phases, allowing traders to focus on trending markets.
• Wave and Candle Volume: Displays both wave volume and candle volume in one simple and clear indicator.
• Non-Repainting: The indicator does not repaint, ensuring that the signals it provides are reliable and consistent.
• Customizable: Full customization options for color, styles, and size of wave volume.
• Alerts: Provides alerts on charts when wave or candle volume appears, keeping traders informed in real-time.
• Excellent Support: Comes with excellent product support to assist traders with any questions or issues.

How It Works

The Italo Volume Indicator shows an upper colored line (green or red) representing the wave volume and a grey horizontal line. When the upper line is above the grey line, it indicates a trend; when it is below, it indicates consolidation. The histogram below shows the candle volume (green or red), serving as a confirmation to enter the market.

Important Parameters

• Trend Period and Force Period: Defines the volume wave number.
• Line Level: Sets the horizontal line position (above for trend, below for consolidation).
• History Candles Count: Determines how many past candles to display the indicator on.
• Line Neon: Option to display a simple colored line if 'Off'.
• Show Volumes: Option to turn the histogram candle volume 'On' or 'Off'.
• Volume Level: Sets the candle volume position.
• Alerts_On: Enables alerts when the upper line crosses the grey line, indicating a wave trend.

Benefits

• Time-frames: Works on all time-frames.
• Assets: Compatible with all assets.
• Easy to Use: Does not overload charts with unnecessary information.
• Confidence in Trading: Provides a clear view of market volume, helping traders make informed decisions.

Why Choose Italo Volume Indicator?

The Italo Volume Indicator stands out because it combines wave volume and candle volume in a single, easy-to-read display. This combination gives traders a higher probability of predicting market movements and achieving their trading goals. With its unique algorithm, non-repainting nature, and full customization options, it is a must-have tool for any serious trader. 🌟📈 So, if you're tired of incomplete and confusing volume indicators, the Italo Volume Indicator is your go-to solution for accurate and reliable market analysis.