Blau Tick Volume Indicator as a Color Histogram

Summary

This document introduces the Blau Tick Volume Indicator, an indicator associated with William Blau’s book on momentum, direction, and divergence. It describes the indicator as a color histogram for displaying tick-volume information, giving traders a visual way to inspect activity alongside price behavior. The text identifies the indicator and its presentation, but does not explain the underlying calculation, signal interpretation, or how it might be incorporated into a trading rule.

The page is primarily a brief software-indicator description. It notes that the implementation relies on a supporting MQL5 smoothing library that must be installed in the platform’s include directory, and refers readers to a separate discussion of those smoothing classes. No chart evidence, market examples, tests, performance results, or caveats about tick-volume data are supplied. Accordingly, the material is useful as a pointer to an indicator concept and its platform dependency, but it is not a complete guide to validating or trading its signals.

Key ideas

• The Blau Tick Volume Indicator presents tick-volume information in a color histogram format.
• The indicator is associated with William Blau’s work on momentum, direction, and divergence.
• Its MQL5 implementation depends on a separate smoothing library.
• The description does not specify calculation details, signal rules, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.