The DOM Strength indicator shows the ratio of the traded volume for the specified period to the current volume in the DOM. Markers, the color of which indicates the current ratio of completed trades and the DOM, are displayed on top of the Delta indicator. The markers on the top show the ratio of buys to the ask volume in the DOM, while the markers on the bottom show the ratio of sells to the bid volume.
The indicator view in the chart:
The indicator has the following parameters:
Settings
Period - the number of bars whose volume is calculated.
Percent - the initial ratio of the volume and the DOM, from which the divergence will be determined.
Color
80% Color - color of a 80% divergence
50% Color - color of a 50% divergence
20% Color - color of a 20% divergence
-20% Color - color of a -20% divergence
-50% Color - color of a -50% divergence
-80% Color - color of a -80% divergence
Drawing
Candles
Visible (visibility) - enable and disable the visibility of HA candles.
Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.
Up Candle Color
Down Candle Color
Candle Border
Mode
- Candles
- Bars
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