True Volume

True Volume: See the Story Behind the Price

Stop guessing what the market is doing and start knowing. True Volume is a revolutionary indicator that goes beyond traditional volume analysis by dissecting every tick to reveal the true buying and selling pressure behind price movements.

While other indicators show you that the market is moving, True Volume shows you why. By separating volume into its bullish and bearish components, you gain an unprecedented edge in understanding market sentiment. This allows you to:

• Identify accumulation and distribution phases with greater clarity, so you can get in on moves before they happen.
• Confirm the strength of a trend by seeing if the volume supports the price action.
• Spot potential reversals with early warning signs of weakening momentum.

True Volume is more than just an indicator; it's a complete toolkit for traders of all styles. Whether you're a scalper, day trader, or swing trader, the deep insights provided by True Volume can help you make more informed decisions and gain a real edge in the markets.

Key Settings Explained

True Volume is highly customizable, allowing you to tailor it to your specific trading style. Here are some of the most important settings:

• True Volume Analysis Mode: This is the core setting that determines the primary analysis mode of the indicator. You can choose from a variety of modes, including:
• Histogram: A classic volume histogram that can be displayed in standard, stacked, or split format.
• Heatmap: A powerful visualization that combines multiple data points to provide a comprehensive view of market sentiment.
• VSA (Volume Spread Analysis): A mode that analyzes the relationship between volume, spread, and price to identify key market turning points.
• Delta: Shows the difference between buying and selling volume.
• Cumulative: Displays the running total of volume or price over time.
• Oscillator: A momentum-based indicator that fluctuates between overbought and oversold levels.
• Physics: A unique mode that applies concepts from physics, such as velocity and acceleration, to market data.
• Support & Resistance: This feature automatically identifies and plots support and resistance levels based on volume spikes. You can customize the strength of the levels and receive alerts when they are created, crossed, or rejected.
• Alerts: True Volume comes with a comprehensive alert system that can notify you of a wide range of trading signals, from simple volume spikes to complex VSA patterns. You can enable or disable alerts for each mode and configure them to be delivered via pop-up, sound, email, or push notification.