UPD1 Volume Cluster

Introduction

Forex trading is a complex and dynamic market that requires the use of powerful tools to make informed decisions. In this review, we will explore the UPD1 Volume Cluster, a forex software designed specifically for professional traders. This software utilizes advanced algorithms to identify zones of reduced volatility and build maximum horizontal volume based on indicators such as the UPD1 Trend Direction Indicator and UPD1 Volume Box Indicator.

Key Features

The UPD1 Volume Cluster offers a range of features that can greatly enhance a trader’s decision-making process. Let’s take a closer look at some of its main settings and visual options:

Main Settings

– Bars Count: Determines the number of history bars on which the indicator will work.
– Timeframe Flat: Allows traders to choose the timeframe on which the flat is being searched and the cluster is being built.
– Data Source: Provides the option to choose the timeframe of quotations, with automatic detection being the recommended setting.
– Vertical Step: Affects the density and vertical accuracy of the indicator.
– Period: Allows traders to select the oscillator period.
– Start Flat After Bar: Determines the number of bars to ignore after the trend ends to start drawing a flat.
– Minimal Flat Bars: Sets the minimum number of bars required for a flat to be identified.
– ID: Enables the selection of a different indicator number to set it on the chart multiple times.

Visual Settings

– Cluster Width: Determines the thickness of the POC/Cluster flat line.
– Cluster UP/DN Color: Allows traders to choose the line color for the cluster.
– Extend Line Multiplier: Multiplier for the continuation of the POC line. By default, it is set to 2.
– Extend Line Style: Determines the style of the continuation line, such as dashed or dotted.
– Touch First Bar: Enables or disables the extension of the line at the first touch with the price.
– Draw Current Flat: Displays the POC of the flat until its completion.
– Flat Color: Sets the color of the POC flat line.

Alert Settings

– Alert (Smart): Enables or disables notification settings.
– Repeat Signal: Allows signals on adjacent bars.
– Visual Alert Object: Displays signal icons.
– Alert Work Time: Specifies the time period when the alert will be active.
– Alert Pop Up: Enables or disables alert popups.
– Alert Push: Enables or disables notification to phone.
– Alert E-mail: Enables or disables email notification.
– Alert Sound: Enables or disables sound notification.
– Alert Sound Name: Allows the selection of a specific sound alert file.

How It Works

The UPD1 Volume Cluster algorithm identifies zones of reduced volatility based on the UPD1 Trend Direction Indicator. It then builds the maximum horizontal volume using the UPD1 Volume Box Indicator. This software is designed to detect strong trend movements when exiting accumulation. If the price has left the accumulation, it can potentially test its maximum horizontal volume (POC). Traders can take advantage of smart alerts available in the settings to stay informed about potential trading opportunities.

FAQ

Can I customize the indicator settings?

Yes, the UPD1 Volume Cluster offers a range of customizable settings to suit your trading preferences. You can adjust parameters such as Bars Count, Timeframe Flat, Vertical Step, Period, and more.

Is this software suitable for beginner traders?

While the UPD1 Volume Cluster is designed for professional traders, beginners can also benefit from its features. However, it is recommended to have a basic understanding of forex trading concepts before utilizing this software.

Where can I find independent testing of this product?

You can find independent testing of the UPD1 Volume Cluster on the forexroboteasy.com website. They provide comprehensive reviews and updates on the results of testing various forex software products.

Conclusion

The UPD1 Volume Cluster is a powerful forex software that can greatly enhance the trading experience for professional traders. Its advanced algorithms and customizable settings allow traders to identify zones of reduced volatility and build maximum horizontal volume. With smart alerts and visual indicators, this software provides valuable insights for making informed trading decisions. Visit forexroboteasy.com for independent testing and stay updated on the results. Share your experience with the UPD1 Volume Cluster and join the community of successful forex traders.