Xvolume MT4

Want to know what kind of market process drive market right now? It’s not a problem with Xvolume indicator. Xvolume show you what one of three basic market processes prevails in candle: accumulation, distribution or closing positions. When I say prevail I mean that indicated process take more than 45% of all candle volume (it if “process_inheritance” option true) and more than 60% if it’s false.

So, there 3 kind of process are indicating:

• Accumulation – green color (in basic color setting).
• Distribution – blue color (in basic color setting).
• Closing positions – red color (in basic color setting).

Of course you can change these colors.

And only one option in settings:

Process_inheritance= true (in basic setting)

When this option is turned on indicator will displays candles in which specified process takes from 45 to 59% of the total candle volume. If false, only candles with more than 60% process prevalence are displayed.