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Re: Volume Indicators for MT4

Posted: Mon Nov 27, 2023 9:11 am
by TransparentTrader
mrtools wrote: Mon Nov 27, 2023 9:06 am I don't know either, looking for some examples in mt4 or mt5 but not finding many.

I did manage to find 1-2 examples but they are paid indicators you can only get on the MQL5 marketplace. Should I send them your way?

Re: Volume Indicators for MT4

Posted: Mon Nov 27, 2023 9:27 am
by mrtools
TransparentTrader wrote: Mon Nov 27, 2023 9:11 am I did manage to find 1-2 examples but they are paid indicators you can only get on the MQL5 marketplace. Should I send them your way?
Would have to be with the code.

Re: Volume Indicators for MT4

Posted: Mon Nov 27, 2023 9:44 am
by TransparentTrader
mrtools wrote: Mon Nov 27, 2023 9:27 am Would have to be with the code.

I found this from the MQL5 codebase. I'll also put the MQL5 file here.

Using this, would it be possible to do a port to MT4 and then add in the bands and other features?


Re: Volume Indicators for MT4

Posted: Mon Nov 27, 2023 11:13 am
by mrtools
TransparentTrader wrote: Mon Nov 27, 2023 9:44 am I found this from the MQL5 codebase. I'll also put the MQL5 file here.

Using this, would it be possible to do a port to MT4 and then add in the bands and other features?


VWAP_Custom_Position.mq5
Downloaded a his latest version and it's not working on my mt5

Re: Volume Indicators for MT4

Posted: Mon Nov 27, 2023 11:21 am
by TransparentTrader
mrtools wrote: Mon Nov 27, 2023 11:13 am Downloaded a his latest version and it's not working on my mt5

In the Codebase URL I shared to the indicator, the comments appear to do some debugging and fixed some apparent issues with the indicator. Maybe those insights could help get it working on MT5?

Re: Volume Indicators for MT4

Posted: Tue Nov 28, 2023 5:32 am
by mrtools
ixion700 wrote: Mon Nov 27, 2023 9:19 pm Hello Dear coders @Mrtools @Kvak . Could you change this indicator so that it use Twiggs money flow instead of Chaikin money flow pls? we know TMF is more reliable than CMF so i think this would make a great money flow indicator. What do you guys think?
Twigg's Money Flow with Jurik Algorithm with Floating Levels

Changed it to Twiggs money flow.

What is the Twigg's Money Flow Indicator?

Colin Twiggs developed the Twiggs Money Flow indicator to enhance the Chaikin Money Flow (CMF) indicator, which is in turn derived from the Accumulation Distribution line.

The primary objective of the TMF indicator is to assess Volume (money flow) as either bullish or bearish based on the Close price location

In contrast, Chaikin Money Flow utilizes a CLV (Close Location Value) for this purpose. Additionally, the TMF indicator differs in its utilization of TR (True Range).

Another significant distinction is that CMF employs cumulative volume (the sum of volumes over a specified period), whereas TMF applies a Moving Average to the volume.

A bullish signal is indicated when the TMF surpasses the zero line, suggesting that prices may rise. Conversely, a bearish signal is revealed when the TMF falls below zero, indicating that prices could potentially decline.

Re: Volume Indicators for MT4

Posted: Fri Dec 01, 2023 1:50 am
by ixion700
Dear @Mrtools and @Kvak, i have been using this indicator for recent 3 weeks and every day im more impressed by it. I know this baby looks too simple and isnt attractive at first glance but im telling you she is indeed something! Using this to filter my signals the results have been very good so im sure she deserves an improvement. If you have time please have a look and add some averages to it and its signal line please. Many thanks in advance

Re: Volume Indicators for MT4

Posted: Fri Dec 01, 2023 7:46 am
by kvak
ixion700 wrote: Fri Dec 01, 2023 1:50 am Dear @Mrtools and @Kvak, i have been using this indicator for recent 3 weeks and every day im more impressed by it. I know this baby looks too simple and isnt attractive at first glance but im telling you she is indeed something! Using this to filter my signals the results have been very good so im sure she deserves an improvement. If you have time please have a look and add some averages to it and its signal line please. Many thanks in advance
I made this version, added coloring, some average to signal and possibly smoothing....

Re: Volume Indicators for MT4

Posted: Fri Dec 01, 2023 5:37 pm
by ixion700
kvak wrote: Fri Dec 01, 2023 7:46 am I made this version, added coloring, some average to signal and possibly smoothing....
Image
Thank you so much Sir @kvak ! This works fascinating with my Twiggs money flow now! Many thanks to you and @Mrtools . We are very lucky to have such talented coders like you guys.

Re: Volume Indicators for MT4

Posted: Fri Dec 01, 2023 5:51 pm
by TransparentTrader
kvak wrote: Fri Dec 01, 2023 7:46 am I made this version, added coloring, some average to signal and possibly smoothing....

What settings are used on the Volume Accumulation Oscillator in this picture? It continues to look more promising every time I see it for getting into long-term trends with a high winning percentage.