Page 86 of 100
Re: Volume Indicators for MT4
Posted: Tue Apr 30, 2024 1:25 am
by mrtools
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
Posted: Tue Apr 30, 2024 3:23 am
by ixion700
mrtools wrote: Tue Apr 30, 2024 1:25 am
Hello,
Mfi and mfi price added.
When I set OBV Method to MFI then changing MFI period changes nothing.
Re: Volume Indicators for MT4
Posted: Tue Apr 30, 2024 4:32 am
by mrtools
ixion700 wrote: Tue Apr 30, 2024 3:23 am
When I set OBV Method to MFI then changing MFI period changes nothing.
If I figure out the problem will post a fixed version.
Re: Volume Indicators for MT4
Posted: Tue Apr 30, 2024 4:57 am
by mrtools
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.
Re: Volume Indicators for MT4
Posted: Thu May 09, 2024 8:57 pm
by ixion700
Hello dear @Kvak. This is the best version of PVT I have ever seen. In particular that Trading View calculation mode works very fine as a confirmation signal. Could you update smoothing and price types please? An arrow or alert when crossing signal line would also be very helpful. Many thanks in advance.
Re: Volume Indicators for MT4
Posted: Sun May 19, 2024 9:14 pm
by Garsgen
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.
Re: Volume Indicators for MT4
Posted: Sun May 19, 2024 10:29 pm
by TransparentTrader
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.
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
Posted: Sun May 19, 2024 11:08 pm
by Garsgen
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
Posted: Sun May 19, 2024 11:28 pm
by WOLF
Obv is fun to use with pivots
Re: Volume Indicators for MT4
Posted: Mon May 20, 2024 12:49 am
by Garsgen
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