XDeMarker Histogram Volume Indicator for Bar Direction

Summary

XDeMarker_Histogram_Vol is described as an indicator that marks the direction of movement in histogram bars with colored icons placed on the bars. Its stated function is visual: it helps users see whether the histogram is moving in one direction or the other. The document identifies a SmoothAlgorithms library dependency for the MQL5 implementation, but provides no explanation of the underlying DeMarker calculation, the role of volume, or the rules used to assign icon colors.

The page includes a figure reference and points to a separate article for details about the library’s averaging classes. It does not specify how to interpret the displayed direction as a trading signal, nor does it give example trades, tests, or performance results. Consequently, the description supports only a basic understanding of the indicator’s visual purpose; it is insufficient to reproduce the calculations or determine whether the display offers predictive value.

Key ideas

• The indicator uses colored icons to show the direction of histogram bar movement.
• The described implementation depends on a SmoothAlgorithms library for MQL5.
• The document does not explain the calculation, volume input, or icon-color rules.
• No trading rules or performance evidence are provided.

Tags

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