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Views:: 5499
Rating:: (10)
Published:: 2018.06.18 10:30

Trade_Volume_Index.mq5 (8.81 KB) view

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Oscillator TVI (Trade Volume Index) shows whether a security is being accumulated (bought) or distributed (sold).

It has one input parameter:

Minimum tick value - the minimum tick value.

Calculations:

If the difference between the current price and yesterday's index exceeds the minimum threshold volume, we consider the security to be bought;
If the difference between the current price and yesterday's index is lower than the negative minimum threshold volume, we consider the security to be sold;

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20811

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