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RedeeCash Volumes Indicator

Version History:

Date Version Changes
6/20/2022 1.00 Initial release
6/21/2022  1.10 Add global variables for Minimum (SYMBOL_volume_min) and Maximum (SYMBOL_volume_max) History Volumes 

Description:

RedeeCash Volumes Indicator is the Volumes indicator that you have come to trust for market entry and exit with the added benefit of exposing key metrics as global variables. Including global variables in an indicator permits easier interaction with expert advisors (EA) and scripts.

When attaching the indicator to a chart, you will have a visual representation of both increasing (GREEN) and decreasing volumes (RED). The increasing volume indicates buyer's and seller's interest in the currency through increased long and short trades, while the decreasing volume indicates the buyers and sellets no longer interest in the currency through decreased long and short trades.

Code Sample:

To invoke this indicator from an EA or script, call the iCustom metatrader function,

iCustom(Symbol(),PERIOD_CURRENT,"Market/RedeeCash Volumes Indicator",1,0);

string UpBufferVarName = StringConcatenate(Symbol(),"_volume_upbuffer");
string DownBufferVarName = StringConcatenate(Symbol(),"_volume_dnbuffer");
string VolumeVarName = StringConcatenate(Symbol(),"_volume");
string PrevVolumeVarName = StringConcatenate(Symbol(),"_volume_prev");
string ActiveBufferVarName = StringConcatenate(Symbol(),"_volume_active_buffer");
string MinVolumeVarName = StringConcatenate(symbol,"_volume_min");
string MaxVolumeVarName = StringConcatenate(symbol,"_volume_max");

double activeVolumeBuffer = GlobalVariableGet(ActiveBufferVarName);
double volume = GlobalVariableGet(VolumeVarName);
double previousVolume = GlobalVariableGet(PrevVolumeVarName);


if (activeVolumeBuffer == 2) {

Print("Active Volume Buffer: UP, Volume: ",volume,", Previous Volume: ", previousVolume);

} else if (activeVolumeBuffer == 3) {

Print("Active Volume Buffer: DOWN, Volume: ",volume,", Previous Volume: ", previousVolume);

}

result is,

        2022.06.20 03:48:24.711 RedeeCash_Volumes_Test EURUSD-5,H4: Active Volume Buffer: UP, Volume: 15693.0, Previous Volume: 14367.0

Usage:

Usage is based on defining your trading rules. For example, using the 50 and 200 simple moving averages on the daily chart to determine the trend direction, then use the "RedeeCash_Volumes Indicator" to determine the strength and whether byers or sellers are entering or exiting the market?


TREND
ACTIVE BUFFER
PREVIOUS VOLUME vs CURRENT VOLUME
 TRADE
UP UP PREVIOUS < CURRENT VOLUME
ENTER BUY
DOWN UP PREVIOUS > CURRENT VOLUME
ENTER SELL



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Stratos Pali Indicator   is a revolutionary tool designed to enhance your trading strategy by accurately identifying market trends. This sophisticated indicator uses a unique algorithm to generate a complete histogram, which records when the trend is Long or Short. When a trend reversal occurs, an arrow appears, indicating the new direction of the trend. Important Information Revealed Leave a review and contact me via mql5 message to receive My Top 5 set files for Stratos Pali at no cost! D
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Version 1.10 2022.06.21
Added global variables for the historical minimum and maximum volumes as SYMBOL_volume_min and SYMBOL_volume_max, respectively.