New Voume Indicator is here !!

New comment
 

Hello ..

Volume is the missed component in Forex .. We shall here make a solution that needs some Help of the MQ4 programmers ..

In MT4 there is a Volume Indicator that measures the Tick Volume for each accompanying Candle.

We need to smoothen the Volume Histogram by another Histogram that measures a diffrence between Two Volume MA's.

ALL YOU NEED IS EXPLAINED IN THIS PICTURE

Files:
volume.gif  43 kb
 

Try this link http://www.xpworx.com/XP%20Volume.htm

You can thank Codersguru for it.

Here is the indicator

Files:
xpvolume.mq4  2 kb
 

newbie here,

what is the function of volume?how to use it on trade?

 

thanx

My best thanx for mangman ..

My BIG kisses for Codersguru ..

I'm really so thankful for all of this ...

But : I still has to improve this as It's Histogram doesn't looks like what I want ...

I want that its histogram to look like that of MACD ..

THANX

 

hi

amenlo9:
newbie here, what is the function of volume?how to use it on trade?

volume represents quantity of people who take position buy or shell .

volume indicators are used to confirm the trend and the buying or selling pressure in that trend direction

higher volume make a price moving with strong trend ..up or down...

==================

Forex Indicators Collection

 

Thanks all for coding it ,I know that the volume is a VERY IMPORTANT indicator for trend reversals major big moves in the market.

 

omrangassan,

Ok I made the changes to fit your need.

As you may know, the 2 MA values of Volume can be adjusted externally.

Files:
xpvolume-2.mq4  2 kb
 

thaaaaaanx

I really can't say anymore , pal

For mangman .. I don't think that Thanx is enough ..

I'm really missing such friends , mangman ..

You are a one rarely could be found on earth ..

wish to got you as a friend .. can we have a chat ?

omran_indraws@yahoo.com

 
mangman:
omrangassan,

Ok I made the changes to fit your need.

As you may know, the 2 MA values of Volume can be adjusted externally.

After installing this on my charts it initially looks great, but then fails to update. Am I doing something wrong?

Thanks.

 

Agree, but....

I agree....Volume is the missing link, but with no central data acquisition method/vehicle for the entire FX market, you're only getting your own broker's volume data.....please correct me if I'm wrong?

 

That's my understanding as well. You want centralized market volume have to trade currency futures, no?

12
New comment