A Simplified Better Volume Indicator Using Moving Averages and Range
Summary
The author introduces a custom Better Volume indicator intended to simplify other versions the author considers overly complicated. The description says it uses a few moving averages and a built-in range calculation to process volume-related information. The post points readers toward an external explanation of Better Volume interpretation, but does not reproduce that interpretation or spell out the indicator’s calculations in the text provided.
No trading rules, parameter values, chart examples, tests, or performance results are included, so the material offers only a high-level description of an indicator rather than evidence for a standalone strategy. The author notes that users may need to adjust display colors for their chart background and invites modifications. The remaining content is site privacy boilerplate, which does not add trading guidance.
Key ideas
- The post presents a custom version of a Better Volume indicator.
- Its description says the indicator uses moving averages and a range calculation.
- The text does not provide enough detail to reconstruct the calculations or interpret individual signals.
- No trading rules or performance evidence are supplied.
- Chart colors may need adjustment for visibility.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.