Mladen Rakic:
In capital markets, volume, or trading volume, is the amount (total number) of a security (or a given set of securities, or an entire market) that was traded during a given period of time. In the context of a single stock trading on a stock exchange, the volume is commonly reported as the number of shares that changed hands during a given day. The transactions are measured on stocks, bonds, options contracts, futures contracts and commodities. The average volume of a security over a longer period of time is the total amount traded in that period, divided by the length of the period. Therefore, the unit of measurement for average volume is shares per unit of time, typically per trading day.
Trading volume is usually higher when the price of a security is changing. News about a company's financial status, products, or plans, whether positive or negative, will usually result in a temporary increase in the trade volume of its stock. Shifts in trade volume can make observed price movements more significant. Higher volume for a stock is an indicator of higher liquidity in the market. For institutional investors who wish to sell a large number of shares of a certain stock, lower liquidity will force them to sell the stock slowly over a longer period of time, to avoid losses due to slippage.
This version is a sort of normalized version - since it shows Volume as a percent compared to the Average Volume over a chosen period.
With MetaTrader 5 now you can chose if the volume used is going to be tick volumes or real volumes. Percentage breakouts compared to average volume are marked with different colors.
Posting Mladen's mt5 version and a version I made into mt4. Hopefully it's close to Mladen's version.
Re: Volume Indicators for MT4
812Мrtools, buddy! Please make this version of “volume avg percent” so that it can be installed on the chart itself, like this one in the picture! This is also an indicator of the author Mladen Rakic!
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Re: Volume Indicators for MT4
813hello kvak .
I have 1 request .
And is it possible to have that obv for another currency?
For example, when our main chart is on eurusd and we have obv for Gbpusd currency data?
thanks
I have 1 request .
And is it possible to have that obv for another currency?
For example, when our main chart is on eurusd and we have obv for Gbpusd currency data?
thanks
Re: Volume Indicators for MT4
814Which??alimpe2000 wrote: Sun Mar 31, 2024 2:42 am hello kvak .
I have 1 request .
And is it possible to have that obv for another currency?
For example, when our main chart is on eurusd and we have obv for Gbpusd currency data?
thanks
Re: Volume Indicators for MT4
816hello kvak .
But before that, I wanted you to review the same OBV indicator.
When I put the ARROW display on the cross RSI mode or other modes (except the outer levels mode) in the part I showed with the arrow, the ARROW is not displayed when entering the channel.
It is possible that entering the channel arrows will not change by changing those options.
Thanks
Re: Volume Indicators for MT4
817This arrows working only on "outer levels cross" method...alimpe2000 wrote: Sun Mar 31, 2024 9:22 am hello kvak .
But before that, I wanted you to review the same OBV indicator.
When I put the ARROW display on the cross RSI mode or other modes (except the outer levels mode) in the part I showed with the arrow, the ARROW is not displayed when entering the channel.
It is possible that entering the channel arrows will not change by changing those options.
Thanks
- These users thanked the author kvak for the post:
- alimpe2000
Re: Volume Indicators for MT4
818Added multisymbol....alimpe2000 wrote: Sun Mar 31, 2024 2:42 am hello kvak .
I have 1 request .
And is it possible to have that obv for another currency?
For example, when our main chart is on eurusd and we have obv for Gbpusd currency data?
thanks
- These users thanked the author kvak for the post (total 5):
- alimpe2000, ParallelNative, RodrigoRT7, Jimmy, alexm
Re: Volume Indicators for MT4
819thank you kvak
I checked it. But arrows are not displayed.
Could this be a problem with my system?
Re: Volume Indicators for MT4
820Yes, you are right, but dont know now what cause this problem...alimpe2000 wrote: Sun Mar 31, 2024 10:10 am thank you kvak
I checked it. But arrows are not displayed.
Could this be a problem with my system?
- These users thanked the author kvak for the post:
- alimpe2000