Re: Volume Indicators for MT4

1033
Starter02 wrote: Sat May 02, 2026 3:49 pm Hi MrTools

Kindly add bands to this Vwap indicator. If it is not possible, is there a vwap with bands indicator existing?

Thank you
Volume-Weighted Average Price (VWAP) with Bands

Hello.
I have this, maybe find it useful...
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Re: Volume Indicators for MT4

1036
ROI wrote: Mon May 11, 2026 9:37 pm Näyttökuva 2026-05-11 143355.png


OBV-MTF (1).mq4
be careful with MTF tho. because your chart is on M1, and you're requesting MT15. The way iBarShift works is that it will always pick the current bar Close to compute. but if the M15 bar just started, it will pick the M15 close : that is lookahead bias
so it makes everything look better
to have realistic graphs you need to shift every curve by 15 bars

Jef
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Scalping the Century TimeFrame since 1999

Re: Volume Indicators for MT4

1037
ionone wrote: Tue May 12, 2026 3:58 am be careful with MTF tho. because your chart is on M1, and you're requesting MT15. The way iBarShift works is that it will always pick the current bar Close to compute. but if the M15 bar just started, it will pick the M15 close : that is lookahead bias
so it makes everything look better
to have realistic graphs you need to shift every curve by 15 bars

Jef
Kind of cool indicator, OBV oscillator. 50 line is great.
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ionone

Re: Volume Indicators for MT4

1039
From Investopedia: On-Balance Volume (OBV) is a leading, volume-based technical indicator that predicts price movements by measuring cumulative buying and selling pressure. By adding volume on up-days and subtracting it on down-days, OBV identifies "smart money" accumulation (rising volume, flat price) or distribution (falling volume, flat price) before price action confirms the trend