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LikeRe: Volume Indicators for MT4

#302
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 616 times
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Re: Volume Indicators for MT4

#303
Jimmy wrote:
Thu Nov 19, 2020 6:57 pm
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
Hey Mr. Tools and Coders,

I found this other one that had alerts. It didn't have push notifications, so for the first time, I did some coding and added it by looking at other indicators made by you guys.
I think it's good to go. Let me know if I did it right...

Thanks Again!!!!
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.
Thanks Jimmy forgot about that one.

Re: Volume Indicators for MT4

#304
talaate wrote:
Wed Oct 07, 2020 2:11 am
Dear mrtools
Is it possible to add the set of averages and the set of prices to the given indicator.
Also if filter can be added, will be great
The indicator also deserve I guess, to be user friendly.
Thanks
Buy Sell volume 2 mtf & alerts.mq4
Dear mrtools
Would you please take a look to this post viewtopic.php?p=1295420199#p1295420199
it is regarding the old indicator of: Buy Sell volume 2 mtf & alerts.mq4
Hope to take alook to it
Thanks
Buy Sell volume 2 mtf & alerts.mq4
(7.53 KiB) Downloaded 194 times

Re: Volume Indicators for MT4

#305
talaate wrote:
Fri Nov 20, 2020 11:05 am
talaate wrote:
Wed Oct 07, 2020 2:11 am
Dear mrtools
Is it possible to add the set of averages and the set of prices to the given indicator.
Also if filter can be added, will be great
The indicator also deserve I guess, to be user friendly.
Thanks
Buy Sell volume 2 mtf & alerts.mq4
Dear mrtools
Would you please take a look to this post viewtopic.php?p=1295420199#p1295420199
it is regarding the old indicator of: Buy Sell volume 2 mtf & alerts.mq4
Hope to take alook to it
Thanks
Buy Sell volume 2 mtf & alerts.mq4
Yes saw it, will work on it tomorrow.


Re: Volume Indicators for MT4

#307
talaate wrote:
Wed Oct 07, 2020 2:11 am
Dear mrtools
Is it possible to add the set of averages and the set of prices to the given indicator.
Also if filter can be added, will be great
The indicator also deserve I guess, to be user friendly.
Thanks
Buy Sell volume 2 mtf & alerts.mq4
Added the averages and prices, and optimized the code somewhat.
EURUSDM15.png
Buy Sell volume averages (mtf + alerts).ex4
(133.46 KiB) Downloaded 558 times

Re: Volume Indicators for MT4

#308
mrtools wrote:
Sat Nov 21, 2020 3:40 am
talaate wrote:
Wed Oct 07, 2020 2:11 am
Dear mrtools
Is it possible to add the set of averages and the set of prices to the given indicator.
Also if filter can be added, will be great
The indicator also deserve I guess, to be user friendly.
Thanks
Buy Sell volume 2 mtf & alerts.mq4
Added the averages and prices, and optimized the code somewhat.
Thanks mrtools
Happy Nice Weekend for you and all members

Re: Volume Indicators for MT4

#309
mrtools wrote:
Sat Nov 21, 2020 3:40 am
talaate wrote:
Wed Oct 07, 2020 2:11 am
Dear mrtools
Is it possible to add the set of averages and the set of prices to the given indicator.
Also if filter can be added, will be great
The indicator also deserve I guess, to be user friendly.
Thanks
Buy Sell volume 2 mtf & alerts.mq4
Added the averages and prices, and optimized the code somewhat.
Special indicator. It also allows for lower timeframes to be displayed on the higher timeframe charts!
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click, here to begin live trading, today.
No commissions are earned by Forex-station.

Latest: Why was I banned from Forex-station?

Re: Volume Indicators for MT4

#310
mrtools wrote:
Sat Nov 21, 2020 3:40 am
talaate wrote:
Wed Oct 07, 2020 2:11 am
Added the averages and prices, and optimized the code somewhat.
Dear MrTools,
I think especially the input feature "First higher time frame", "Second higher time frame" in TimeFrame is extremely helpful for people who switch between TFs - it may have been a small step for you but it is a giant step...
You know the rest...
I hope you think about making this a standard feature in all your extraordinary work.


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