Skip to content
All library documents

Displaying Slow Volume Strength Index Across Multiple Timeframes

Article MQL5 code base
Read the original

Summary

This document describes a chart indicator that displays three Slow Volume Strength Index (SVSI) series from different timeframes on one chart. Its purpose is to let a trader compare volume-strength readings across time horizons without changing the chart timeframe. The examples place H4, H8, and H12 readings on an H1 chart, with the indicator drawn either as step-like segments or sloping lines.

Adjustable settings include the SVSI calculation and smoothing periods, overbought and oversold thresholds, a middle level, drawing style, and the three source timeframes. The note explains configuration and display options, but does not define the SVSI calculation, provide trading rules, or show performance evidence. It therefore serves as a description of a visualization tool rather than a tested signal or standalone trading strategy. Users would need to evaluate how its readings behave and whether they add value in their own market and timeframe.

Key ideas

  • The indicator overlays three SVSI readings from different timeframes on the active chart.
  • It supports step and sloped drawing styles.
  • Users can adjust calculation periods, smoothing, reference levels, and each source timeframe.
  • The document describes display features but gives no trading rules or performance evidence.

Tags

Technical indicatorsMulti-assetMarket microstructure

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