Re: Volume Indicators for MT4

851
ixion700 wrote: Tue Apr 30, 2024 12:16 am Hello @mrtools. Could you add MFI to this one please? Many thanks in forward.
On Balance Volume with Stochastic Normalization, PIV + NVI Signal Line & Money Flow Index option

Hello,

Mfi and mfi price added.
  • This version of the OBV also comes with MFI, PVI (Positive Volume Index) & NVI (Negative Volume Index) options
  • Is Normalized which adds levels that give the indicator boundaries for gauging Oversold and Overbought areas
  • Includes 6 OBV calculation types:
    • Original
    • Alternative 1 (using higher timeframes for smoothing version 1)
    • Alternative 2 (using higher timeframes for smoothing version 2)
    • PVI (Positive Volume Index)
    • NVI (Negative Volume Index)
    • MFI (Money Flow Index)
For more information on the PVI & NVI, please see here: What is PVI + NVI?


Re: Volume Indicators for MT4

854
ixion700 wrote: Tue Apr 30, 2024 3:23 am When I set OBV Method to MFI then changing MFI period changes nothing.
Posted a hopefully fixed version at the original post, sorry for the hassle and thanks for testing and bringing the problem to my attention.


IndicatorRe: Volume Indicators for MT4

856
Does anyone have this indicator or a similar one, please share.
I just know that the author named his development (DayTrading sentiments) didn't share.
the abbreviation in the screenshot is in my understanding: Volume Threshold (trend) Zone, Volume Zone Oscillator. I see a channel deviation, a similar channel is embedded in the Elliott Oscillator indicator.
Probably masters of their craft will be able to develop this idea and I hope something effective will come out.
Image

Re: Volume Indicators for MT4

857
Garsgen wrote: Sun May 19, 2024 9:14 pm Does anyone have this indicator or a similar one, please share.
I just know that the author named his development (DayTrading sentiments) didn't share.
the abbreviation in the screenshot is in my understanding: Volume Threshold (trend) Zone, Volume Zone Oscillator. I see a channel deviation, a similar channel is embedded in the Elliott Oscillator indicator.
Probably masters of their craft will be able to develop this idea and I hope something effective will come out.
Image
Can you show us the original website from which you got the screenshot? That might help us find the origin of the indicator(s) in the picture.

Re: Volume Indicators for MT4

858
TransparentTrader wrote: Sun May 19, 2024 10:29 pm Can you show us the original website from which you got the screenshot? That might help us find the origin of the indicator(s) in the picture.
I can’t give a direct link, it’s against the forum rules.
Search this: Forex factory forum - Real Volume Indicator. theme was created in 2014

Re: Volume Indicators for MT4

859
Obv is fun to use with pivots
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Don’t put your trust in money or man.
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Re: Volume Indicators for MT4

860
WOLF wrote: Sun May 19, 2024 11:28 pm Obv is fun to use with pivots
I read about the OBV indicator, its creator successfully predicted future trends, but did not talk in detail about his methods. Books often show divergences on OBV before the formation of peaks and bottoms


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