Market Power

Indicator that allows you to build and display session delta based on the chosen filters. For example, a session delta can be built only on the trades, the volume of which exceeds a certain level, namely, the “big players”.


Indicator view on the chart.



*Note! When setup for the first time, the indicator has the settings by default, and those settings are not suitable for all instruments and time-frames, thus it has to be attuned.


To add and setup the following indicator, open the Indicators Setup window.


Market Power indicator setup:


Legend.

Show Legend – displaying the name on the indicator panel.

Settings.

Color – color setup for the indicator line.

High Low Color – color setup for the High/Low line.

SMA Color – color setup for the simple moving average.

SMA Period – period setup for the simple moving average.

Width – indicator line width setup.

Visualization

Show Cumulative – if this option is off, the indicator will be displayed as a histogram.

Show High/Low – turn on/off the High/Low line.

Show SMA – turn on/off the simple moving average line.

Volume Filter.

Maximum/Minimum Volume – using this option, parameters for building the session delta for trades within a certain volume range are setup.