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Re: MT5 Volume indicators

22 by JohnnyRy
Banzai wrote: Tue Apr 12, 2022 2:49 am So I guess I just rename it to "RVOL.mq5"
This thing is great for setting the trading timer in an EA!
“[A]s we know, there are known knowns—there are things we know we know. We also know there are known unknowns—that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don’t know we don’t know.”—Donald Rumsfeld, 2002

Re: MT5 Volume indicators

23 by mrtools
From Mladen Rakic:

Theory:

Volume weighted moving average is similar to some other weighted averages, except that it is using the volumes for weighting the prices. That way the price when the volume (tick volume or real volume) is high is more emphasized than the price where the volume is low

This version:

Chose the volume type which you wish to use for volumes. You can choose:

tick volumes
real volumes
Is using Volume Weighted Moving Averages and is applying the "correcting" method invented by dr. Alexander Uhl to produce a new "corrected" generalized DEMA. It also has floating levels for easier trend determination. Coloring methods supported are the following :

color change on slope change
color change on outer (floating) levels cross
color change on middle (floating) level cross
color change on average (GDEMA) value cross
Usage:

If your broker does not have real volumes, the indicator will assume that the volume is equal to 1 and in that case the average will be the same as SMA (Simple Moving Average). In all the other cases, it will depend on the underlying volumes. Depending on the choice of color change, you can use the color change as signal.

I added a few more volume averages to choose from it now has:
* Volume weighted ema
* Volume weighted fast ema
* Volume weighted relative moving average
* Volume weighted moving average
These users thanked the author mrtools for the post (total 9):
RodrigoRT7, JohnnyRy, Jimmy, Mickey Abi, josi, thomdel, alexm, Ricstar_8, 太虚一毫

Re: MT5 Volume indicators

25 by Mickey Abi
mrtools wrote: Wed Feb 28, 2024 11:57 am From Mladen Rakic:

Theory:

Volume weighted moving average is similar to some other weighted averages, except that it is using the volumes for weighting the prices. That way the price when the volume (tick volume or real volume) is high is more emphasized than the price where the volume is low
This volume with hull looks very good .. ..

Is there a MT4 version of the Cor Volume Indi ?
These users thanked the author Mickey Abi for the post:
macd & rsi

Re: MT5 Volume indicators

26 by JohnnyRy
Mickey Abi wrote: Fri Apr 26, 2024 3:08 pm Is there a MT4 version of the Cor Volume Indi ?
I believe that mladen coded it for MT4 without all of the bells and whistles, but you should verify it's output because I can't do so without MT4:
Volume weighted MA.mq5 Downloaded 317 times 10.04 KiB
These users thanked the author JohnnyRy for the post (total 2):
Mickey Abi, Ricstar_8
“[A]s we know, there are known knowns—there are things we know we know. We also know there are known unknowns—that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don’t know we don’t know.”—Donald Rumsfeld, 2002

Re: MT5 Volume indicators

29 by mrtools
me100rabh wrote: Mon Aug 26, 2024 2:36 am Dear mrtools sir,

Can you please provide MT5 version of this Indicator? I really need it's MT5 version. Hope you consider my request.

Thanks!

The dynamic zone dll doesn't work anymore for mt5 so made a version out of Quantile bands which is very close to dynamic bands.
.
These users thanked the author mrtools for the post (total 7):
RodrigoRT7, kvak, Ricstar_8, Jimmy, me100rabh, alexm, 太虚一毫

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