User Manual for Trading Hub Analytics: DayScalp VectorEMA ProElite⁺ 1.0
Key Features
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Volume Oscillator Tracker:
- Monitors volume trends to help understand market momentum and activity.
- Plots a Volume Oscillator to identify periods of high and low trading activity.
- Trend Analysis:
- Displays bullish and bearish signals .
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Consolidation Detection:
- Identifies consolidation phases
- Highlights these periods on the chart for easier visualization of market indecision.
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Crossover Signals:
- Detects and marks significant price crossovers with vertical lines , indicating potential market entry and exit points.
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Dynamic EMA Stacking:
- Evaluates the alignment of multiple EMAs to determine full and partial bullish or bearish stacks.
- Provides visual labels for easy identification of market conditions.
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Multi-Timeframe Analysis:
- Tracks EMAs across multiple timeframes to provide a comprehensive market overview.
- Displays buy/sell signals in a table for quick reference.
User Settings for the Indicator
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Volume Oscillator Settings:
- Volume Oscillator Length: Determines the length for calculating the volume oscillator.
- Volume Oscillator Multiplier: Sets the multiplier for comparing short-term and long-term volume trends.
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EMA Settings:
- Short EMA Period: Sets the period for the shortest EMA.
- Medium EMA Period: Sets the period for the medium EMA.
- Long EMA Period: Sets the period for the longest EMA.
- Elevation Multiplier: Adjusts the elevation of the label above the highest high.
- Label Offset: Defines the vertical offset for the partial stack label from the full stack label.
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Consolidation Detection Settings:
- Lookback Period: Number of bars to look back for detecting consolidation.
- Proximity Threshold: Sets the percentage threshold for determining consolidation.
- Slope Threshold: Determines consolidation.
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Multi-Timeframe Table Settings:
- Table Position: Choose the position of the multi-timeframe table on the chart.
Detailed Setting Descriptions
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Volume Oscillator Tracker Pro 1.0:
- Volume Oscillator Length: The length of the short-term volume trend calculation.
- Volume Oscillator Multiplier: The factor by which the long-term volume trend is multiplied for comparison.
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EMA Trend Analysis:
- Short, Medium, and Long EMA Periods: Specify the periods for the three different EMAs.
- Label Offset: Set the distance between labels for full and partial stacks.
- Elevation Multiplier: Adjust the vertical placement of stack labels relative to the highest high in the last 20 bars.
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Consolidation Detection:
- Lookback Period: Defines the number of bars to consider for determining consolidation.
- Proximity Threshold: for consolidation
- Slope Threshold: consolidation.
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Multi-Timeframe Analysis:
- Table Position: Allows the user to place the multi-timeframe EMA table in any corner of the chart.
By adjusting these settings and observing the provided plots and labels, traders can gain a comprehensive understanding of market conditions, enhancing their decision-making process.