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Re: Volume Indicators for MT4

#294
veeratools wrote:
Fri Oct 23, 2020 3:32 am
Bornleader wrote:
Wed Mar 29, 2017 5:10 am
colsVOLUMEV2.3.jpg
Can i get this indicator ? Cols Volume
Hi, if you read a few pages into the thread there is a continuing discussion about if it even exists, some say it was hand drawn for a joke.


Re: Volume Indicators for MT4

#296
Hi Mr. Tools and Coders Respectively,

I would like this Demand Index to be converted to mq4. I've searched for days and cannot find a DI indicator based on the original James Sibbet, except for a paid indicator called PTS Demand Index. The mq5 file I've included seems to resemble it the most. This seems to be a powerful indicator like the one on tradingview. Also, I've included one I found (but the it doesn't look right based on tradingview), but I don't know if the code can be altered to show the same as the mq5.

Thank you in advance for your consideration!!!!
demand_index.mq5
(8.85 KiB) Downloaded 23 times
smoothalgorithms.mqh
(133.8 KiB) Downloaded 19 times
Demand_Index (1).mq4
(3.04 KiB) Downloaded 32 times

Re: Volume Indicators for MT4

#297
naluvs01 wrote:
Thu Nov 19, 2020 8:04 am
Hi Mr. Tools and Coders Respectively,

I would like this Demand Index to be converted to mq4. I've searched for days and cannot find a DI indicator based on the original James Sibbet, except for a paid indicator called PTS Demand Index. The mq5 file I've included seems to resemble it the most. This seems to be a powerful indicator like the one on tradingview. Also, I've included one I found (but the it doesn't look right based on tradingview), but I don't know if the code can be altered to show the same as the mq5.

Thank you in advance for your consideration!!!!
Looks like Mladen already did a mt4 version.
sibbets demand index.mq4
(4.54 KiB) Downloaded 94 times

Re: Volume Indicators for MT4

#298
mrtools wrote:
Thu Nov 19, 2020 9:33 am
naluvs01 wrote:
Thu Nov 19, 2020 8:04 am
Hi Mr. Tools and Coders Respectively,

I would like this Demand Index to be converted to mq4. I've searched for days and cannot find a DI indicator based on the original James Sibbet, except for a paid indicator called PTS Demand Index. The mq5 file I've included seems to resemble it the most. This seems to be a powerful indicator like the one on tradingview. Also, I've included one I found (but the it doesn't look right based on tradingview), but I don't know if the code can be altered to show the same as the mq5.

Thank you in advance for your consideration!!!!
Looks like Mladen already did a mt4 version.
WHERE THE HELL DID YOU FIND THIS INDICATOR!!!!! WOWOWOWOWOW...Thank you. I've been searching everywhere for the past few days. It isn't anywhere. I just googled the one you've attached and it still doesn't show. Y'all some bad MotherFathers!!!! Thank you so much!!!! I really appreciate it. Much luv to you guys!!!

LikeRe: Volume Indicators for MT4

#300
mrtools wrote:
Thu Nov 19, 2020 9:33 am
Looks like Mladen already did a mt4 version.
You also did a nice version too brother!

naluvs01 wrote:
Thu Nov 19, 2020 5:31 pm
I did some coding and added it
Good on you Nal! Looks good to me mate. Nailed it!

For your collection, here is also a "Smoothed" version with MTF upgraded by Mrtools! And as you may know, the author of the SDI, James Sibbet also stated that this is a good tool for Divergences. So of course, Mrtools even upgraded this version with his Divergences Pack :razz:

It could do with a little code optimization but this is a neat version.

Let's use this opportunity to recap on the SDI, too. For traders who are new to this tool, here's a description on how it's used:

Sibbets Demand Index

Overview

The Demand Index combines price and volume in such a way
that it is often a leading indicator of price change. The Demand
Index was developed by James Sibbet.

Interpretation

Mr. Sibbet defined six "rules" for the Demand Index:

  1. A divergence between the Demand Index and prices
    suggests an approaching weakness in price.
  2. Prices often rally to new highs following an extreme peak
    in the Demand Index (the Index is performing as a
    leading indicator).
  3. Higher prices with a lower Demand Index peak usually
    coincides with an important top (the Index is performing
    as a coincidental indicator).
  4. The Demand Index penetrating the level of zero
    indicates a change in trend (the Index is performing as a
    lagging indicator).
  5. When the Demand Index stays near the level of zero for
    any length of time, it usually indicates a weak price
    movement that will not last long.
  6. A large long-term divergence between prices and the
    Demand Index indicates a major top or bottom.

Example

The following chart shows Procter & Gamble and the Demand Index. A long-term bearish divergence occurred in 1992 as prices rose while the Demand Index fell. According to Sibbet, this indicates a major top.

Sibbets Demand Index Example Chart.jpg

Calculation

The Demand Index calculations are too complex for this book (they require 21-columns of data).
Sibbet's original Index plotted the indicator on a scale labelled +0 at the top, 1 in the middle, and -0 at the bottom. Most computer software will make a minor modification to the indicator so it can be scaled on a normal scale.
Sibbets Demand Index for MT4 with Divergence + MTF + Alerts.png
SDI Smoothed nmc.mq4
(24.71 KiB) Downloaded 229 times
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