Input Data 

This setting allows you to select the type of data on which to base the VolSwing indicator analysis.

• Volume: Uses the total volume of trades.
• Order: Is based on the number of orders.
• Aggregated volume: Uses the aggregated volume of orders.

For a more detailed explanation go to the link in the wiki dedicated to "Data base type"

Filter Min

It allows you to set a minimum filter value for the selected data. For example, if the chosen data base is volume, this setting will allow only volumes above the minimum set value to be considered, ignoring those below.

Filter Max

This allows you to set a maximum filter value for the selected data. Similar to the minimum filter, this setting allows you to exclude data that exceeds a certain limit, focusing the analysis on a specific range of volumes, orders, or aggregates.

The Zig Zag in this context refers to the definition of the swing, which is a series of price movements that track high and low points, identifying market swings. With the Zig Zag indicator, traders can better visualize the sequence of swings, being able to better analyze different market phases.

1. Zig Zag Mode

Allows you to select the type of method used to calculate swings.

• Absolute Reversal: Uses a fixed price reversal value to determine a swing. Sufficient price movement in the opposite direction from the current trend is required to determine a reversal and identify a new swing.
• Tick Reversal: Reversal is tick-based, allowing a minimum amount of tick movement to be defined to generate a reversal.

2. Zig Zag Rev. & Absolute

Indicates the minimum percentage change required for price to define a new swing. In practice, it establishes the minimum requirement in terms of percentage movement for the indicator to draw a new swing on the chart.

3. Zig Zag Tick Rev.

Specifies the number of ticks required for a reversal when using the "Tick Reversal" mode.

4. Color Up

Allows you to select the color of the Zig Zag segment that represents an upward (rise) movement. This helps to visually differentiate bullish from bearish movements in the chart.

5. Color Down

Allows you to select the color of the Zig Zag segment representing a downward (bearish) movement.

6. Line Width

Adjusts the Width of the Zig Zag line, changing the visibility of the plot on the chart. A higher value makes the line more visible.

1. Text Size

This setting allows you to adjust the size of the text displayed on the indicator.

2. Text Offset

This allows you to set an offset distance for the text relative to the bar position. This parameter allows the text to be moved so that it does not overlap other graphical elements, improving the readability and orderliness of the graph.

3. Max Bars to View 

Defines the maximum number of bars for which text will be displayed on the graph. This setting is useful for limiting the amount of information displayed over extended time intervals.

1. Enabled

This option allows you to enable or disable the display of the first text. When enabled, the indicator will show the data selected for the first set of volumetric information on the graph.

2. Text

It allows you to choose which information to display for the first, second, third, and fourth text.

• Volume: Displays the total volume of the swing leg, useful for identifying the magnitude of volumes in a specific price movement.
• Delta volume: Displays the delta of the swing leg, highlighting the imbalance between the two forces and indicating the predominance of buying or selling pressure.
• Delta trade: Displays the delta between the number of trades in buying and selling, providing a measure of the distribution of orders.
• Vol per tick: Shows the average volume per tick in the swing, providing an idea of the intensity of trades per unit of price.
• Extention: Displays the extent of the swing in terms of the number of ticks, useful for understanding the magnitude of the movement in terms of price change.

3. Positive Color

Lets you choose the color for the text related to positive data.

4. Negative Color

Lets you set the color for text associated with negative data.

1. NOE: NO EFFORT

Lack of Volume to Support Movement/Push

At the end of one of a swing indicates a movement that has lost momentum, highlighting a possible lack of volume support to continue. This label suggests that although price has moved in one direction, there has not been sufficient volume to support that movement, increasing the likelihood of a pause or possible reversal.

2. NOR: NO RESULT

Lack of result in price movement despite significant volume.

At the end of a swing it signals that, despite the presence of significant volume during the development of the movement/push, the movement/push has not achieved significant progress. This could indicate strong resistance or support, suggesting that the movement could slow, consolidate, or even reverse.

1. Display Mode

It allows you to choose how to display Volume Swing indicator data. The available options are:

• Lines: Displays only the lines connecting the swing points.
• Bars: Displays a bar histogram to represent the volumetric data.
• Lines and Bars: Combines both swing lines and histogram bars, providing a more complete visual representation.

2. Histogram Value

Lets you select which volumetric data to represent in the bar histogram. Options include:

• Delta Volume: Displays the delta between buying and selling volumes.
• Delta trade: Displays the delta between buy and sell trades.
• Vol per tick: Displays the average volume per tick.
• Extension: Represents the extent of the movement in terms of number of ticks.

3. All-in-one

This setting allows you to combine multiple volumetric information into one visual element. Options include:

• None: Does not show any combination of information.
• Vol delta trade: Combines volume and delta trade data.
• Vol delta: Shows volume and delta together.
• Volume: Displays volume data only.

4. Show Sign

Allows you to select how to interpret the sign (positive or negative) for the indicator coloring. The available options are:

• Positive: Show only positive values.
• Negative: Show only negative values.
• Based Delta: Coloring based on volume delta.
• Based Delta: Coloring according to the trend of price movement.

5. Color Mode

Allows you to select the color display mode. The options are:

• Fixed: Uniform color for the whole chart.
• Fading colour: Applies a gradual fade to colors.
• Delta fading: Uses a delta value-based fade to make buying or selling pressure changes more obvious.

6. Std. Dev. for Coloring

This setting allows you to set the standard deviation for coloring the data. A higher value or a lower value either increases or decreases the sensitivity of the coloring to changes in the volumetric data.

1. Volume Line

Sets the color for the volume line. This color represents the overall volume within the swing, providing a clear visual indication of the total amount of trading for that move.

2. Positive Delta Vol.

Select the color for positive delta volume, that is, when buy volumes exceed sell volumes. This color highlights areas where there is a predominance of buying, helping to identify buying pressure.

3. Negative Delta Vol.

Select the color for negative delta volume, that is, when selling volumes exceed buying volumes. This color highlights areas with predominance of selling.

4. Positive Delta Trade

Sets the color for positive delta trade, that is, when the number of buying trades is greater than the number of selling trades. This color helps identify areas with greater buying activity.

5. Negative Delta Trade

Selects the color for negative delta trade, which represents a predominance of selling trades over buying trades. This color highlights areas with more selling activity.

1. Enabled

This option allows you to turn on or off the display of the high and low swing lines on the chart.

2. Show End Retracement

This allows you to display a line representing the last retracement level.

3. Line Width

This allows you to adjust the thickness of the maximum and minimum swing and last retracement lines.

4. Line Color

Lets you choose the line color for maximum and minimum swings.

5. End Retrace Color

Lets you set the color of the last retracement line, visually differentiating it from the maximum and minimum swing lines.

6. Line Style

This setting allows you to select the style of the lines. The options include:

• Solid: Continuous line without breaks.
• Dash: Dotted line for a discontinuous representation.
• Dots: Line composed of dots.
• Dash Dot : Line composed of dashes alternating with dots.
• Dash Dot Dot: Line composed of strokes followed by two dots.

1. Enable Trend

Enable or disable the display of trend bands on the chart. When enabled, the Trend Detector will display colored bands representing periods of positive or negative trend.

2. Mode

Allows you to select the sensitivity of trend detection. The available options are:

• Weak: The detector also identifies minor trends, capturing smaller price movements and more frequent swings.
• Medium: Provides intermediate sensitivity, detecting both major trends and some minor movements.
• Strong: The detector focuses only on major trends, ignoring minor fluctuations and focusing on the most significant price movements.

3. Trend Up Color

It allows you to select the color of the band that indicates a positive (bullish) trend. This color will be applied to the background of the chart to visually signal market phases where the trend is upward.

4. Trend Down Color 

Allows you to select the color of the band that represents a downtrend (bearish). This color will be applied to the background of the chart during market phases when the trend is downward.

5. Background Opacity

Adjusts the opacity level of the trend bands, allowing the colored bands to be more or less visible. A higher value makes the bands more opaque, while a lower value makes them more transparent.

1. Level Enable 

Enable or disable the display of two horizontal level lines on the histogram. When enabled, the line represents a specific value useful as a reference for the trader. A threshold of volumetric or extension values for identifying moments and area of possible reversals or continuations.

2. Level Value

Sets the numerical value of the level line. This value represents the specific threshold to be monitored, such as a volume or extension level.

3. Level Line Width

Adjusts the thickness of the level line. Increasing the value makes the line thicker and more visible, while a lower value makes the line thinner.

4. Level Line Color

Lets you select the color of the layer line.

5. Level Line Style

Lets you choose the style of the layer line. Options include:

• Solid: Continuous line with no breaks.
• Dash: Dotted line for a discontinuous representation.
• Dot: Line composed of dots.
• Dash Dot: Line composed of strokes alternating with dots.
• Dash Dot Dot: Line composed of strokes followed by two dots.