Interceptor PRO Volume Extremes Indicator is a trading indicator that is available through the mql5 marketplace. It was published on December 4th of 2015 by Dominik Mandok, who last updated it the version 2.0 in September of 2016.
Interceptor Pro uses a single algorithm that is based on Accumulation/Distribution, On Balance Volume, Money Flow Index, and Relative Strength Index in order to accurately identify extremes of the price indicating retracements and reversals in the trend. It is compatible with the award-winning MetaTrader 4 platform (which is the most common trading terminal available) and uses the following parameters:
-Interceptor Depth: defines the range of normalization in the number of bars taken for Accumulation/Distribution and On Balance Volume.
-Total_Bars: sets the number of bars visible in the indicator window.
-A/D, OBV, MFI, and RSI: Allows traders to adjust the weight of each component. Traders can set to 0 to completely disable any parameter in order to analyze volume alone or etc.
-Money Flow Index & Relative Strength Index.
-Setting alerts (push-notifications, email alerts, etc.)
Traders can also customize colors within the indicator window. The developer throws out a few tips, for example, traders may want to change some of the default settings and follow certain suggested guidelines for specific strategies. If you’d like to know more about these recommendations, the author is willing to respond to messages in more detail.
This indicator can be purchased for $19 USD with 10 activations or rented at a rate of $15 per year. Traders receive a large number of activations for the price and shouldn’t be too hung up on the cost, as this indicator costs less than many others. If you don’t want to take any chances, you could test a demo account for free without making a purchase. The author is also willing to send out a free version that works with one currency pair for additional testing when this is requested through a private message.
Interceptor PRO Volume Extremes Indicator works based on an algorithm that implements a number of normalized indicators, thus identifying extremes of the price that would lead to reversals or retracements in the trend. The indicator hasn’t received a large number of reviews, but it has achieved a 5-star rating, along with a few comments. The developer appears to be highly responsive and helpful, which is always a good sign. His attitude and experience, coupled with the nature of the indicator and its low price make this a worthy investment option that can work wonders for those who understand the logic behind it.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/13202