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Re: Dynamic Zone indicators for MT4

mrtools, Mon Aug 05, 2024 9:31 am

FVE (Finite Volume Elements) Dynamic Zone version with Color Fill

Seem to remember someone early this weekend asking about this indicator and can't find their post, anyway, optimized the code and added fill on the fve and it's signal line.

What is the FVE indicator?

FVE serves as a unique money flow indicator, distinguishing itself from other indicators by addressing discrepancies between intraday (e.g. Chaikin's Money Flow) and interday (e.g. On Balance Volume) money flow indicators. The FVE achieves this by considering both intra- and interday price movements within it's calculations.

FVE differs from other money flow indicators by incorporating a volatility threshold to consider minimal price changes, instead of adding or subtracting all volume even if the security closed just 1 cent higher than the previous close.

PS: As this is a "DZ" version of the FVE, please ensure you have the Dynamic Zone .dll installed.
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