Charting and Studies User Guide - CQG.com

Interpretation
Page 499
The thresholds for this study vary considerably from the standard Peak, in that Peak Vol can go
for an extended period without changing value. This is normally true when a trend is beginning
as nobody knows it’s a new trend and volumes are relatively low compared to the long term
average of volume. However, when trends develop and go beyond the normal trend cycle (65
bars), more rapid changes in Peak Volume should be evident as volume expands on any
corrections to that trend. The trend has ended when price closes beyond the Peak Volume level.
PeakVol Parameters
Display Parameters
Name Default Definition
LLev 2 Qualifies how many bars are to the left of the mid point.
RLev 2 Qualifies how many bars are to the right of the mid point.
Mult 1.0 Qualifies the threshold for expansion of Volume to trigger a change in the
Count and should be set beyond the default.
Len 250 Qualifies how many bars that lookback period is to compare Volume.
Charting and Studies User Guide