That's asking a lot from a single indicator but you might take a look at Price Volume Analysis such as these.sylvester21 wrote: Fri Dec 02, 2022 10:12 pm Hi fellow friends,
I need your help to suggest a volume/volatility indicator.
I'm currently using TDFIX with eAverages by Kvak and Mr Tools, which i feel is great, but I'm looking for other alternatives).
The criteria as follows:
Gives definite signal through color changes (Green for long, Red for short, and no color for no volume/dead market) , or a zero cross indicator.
I have tried Damiani Volatmeter and Waddah Explosion, but somehow they are prone to noises and fake signals.
I don't prefer histograms as the interpretation of the data is very subjective. Prefer a Volume/Volatility indi that gives definite go/no go signals. Something that i can use to make definite decision to place trade or stay out (from dead markets).
Thanks!
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Re: Volume Indicators for MT4
Ogee, Sat Dec 03, 2022 11:39 pm