Volume Spread Analysis text indicators for MT4

The indicator is base on "volume spared analysis". It shows the vertical text to indicate 

• Upthrust
• No demand bar
• Stopping volume
• No supply bar 
• Reverse Upthrust

The indicator should use together with any kind of volume indicator and the support and resistance indicator. 

The external input parameters 

• SpreadPeriod : this is for calculating the average of spread, 20 as default
• VolumePeriod : this is for calculating the average of volume, 20 as default

Custom Candlestick Timeframe indicator MT4

Convert any time frame candle to one time frame eg. M45 (45 minute candle) to M1 (1 minute candle).

When entering you can enter time frames either as string (in which case use following ones (in any case does not matter : m1 and M1 are the same) :

M1, M2, M3, M4, M5, M6, M10, M12, M15, M20, M30, H1, H2, H3, H4, H6, H8, H12, D1, W1, MN

Or as minute numbers (in which case you use the following numbers :

1, 2, 3, 4, 5, 6, 10, 12, 15, 20, 30, 60, 120, 180, 240, 360, 480, 720, 1440, 10080, 43200

VSA Volume Spread Analysis indicators set

The first full VSA system for MT4.

Positive and Negative Volume Indexes MT4

According to Fosback’s research, conducted from 1941 through 1975, when the PVI is trending above its one-year average, there is a 79% probability that the market is bullish.

When the NVI trends above its one-year moving average, 96 %of the market being bullish.

Similarly, if the NVI trends below its one-year average,
it is bullish 47% of the time.
However, if the PVI trends below its one-year average, the market is bullish only 33% of the time.

From this we can infer that PVI is good at identifying bear markets and that NVI is excellent at identifying a bull market trend.

When today’s volume is greater than yesterday’s volume, then PVI = Previous PVI + Sum of (Close Today – Close Yesterday) / (Close Yesterday)

When today’s volume is less than yesterday’s volume, then NVI= Previous NVI + Sum of (Close Today – Close Yesterday) / (Close Yesterday)

Leg Volume indicator for MT4

This indicator shows the total tick volume in each leg of the ZigZag indicator. It may be helpful for Volume Spread Analysis (VSA) based traders.

The input settings are the same as the ZigZag indicator.

Dear Bilbao , have you checked at and used it and are you sure that it does not repaint because i have this kind of indicator and it repainted so just confirming before putting it to work 

bilbao wrote:Weis Wave [Wyckoff Wave + Volume]

Bornleader wrote:Dear Bilbao , have you checked at and used it and are you sure that it does not repaint because i have this kind of indicator and it repainted so just confirming before putting it to work 

Weis Wave Wyckoff Wave + Volume is no repaint

Equity Viewer indicator on chart for MT4

Just attach to any chart

Select All Trades in Account History tab. That's because the calculation requires the access to the closed positions.

You can change line style in indicator configuration window. By default, the red line is equity, while the blue line is balance.

Balance is the withdrawable balance plus credit/bonus, which is your total amount of resource to risk.