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Volume Indicators for MT4
Posted: Wed Feb 15, 2017 9:05 pm
by Jimmy
Volume Indicators for Metatrader 4
Example: Volume shown on a ProRealTime Chart
Let's start by noting that when using MetaTrader:
- MT4 uses Tick Volume
- MT5 uses "Real" Volume
Studies have always shown that there's a strong correlation between "real" volume and tick volume, so do not be dissuaded by MT4's tick volume as it very closely follows "real" volume in MT5.
I'd like to share a Volume indicator which sees certain improvements over the standard MT4 Volume display.
This version has been made by our very own Mladen which, unlike most modified MT4 "Volume" indicators, opens on your main chart window and not in a sub-window.
Features:
- Height adjustable Volume bars
- Width adjustable Volume bars
- Custom Volume coloured bars
- Adjustable on chart Volume readings
Re: Volume Indicators for MT4
Posted: Fri Mar 10, 2017 7:03 am
by Snowski
Hi,
Thanks for posting this. Is the source code also available? There's a small bug in the code.
When (Close == Open) the volume stays empty...and that's not quite correct.
Cheers
Re: Volume Indicators for MT4
Posted: Fri Mar 10, 2017 7:08 am
by mladen
Snowski wrote:Hi,
Thanks for posting this. Is the source code also available? There's a small bug in the code.
When (Close == Open) the volume stays empty...and that's not quite correct.
Cheers
Snow
It is not empty : it is a thin gray line in that case (you can change that in the colors)
Re: Volume Indicators for MT4
Posted: Wed Mar 15, 2017 2:46 am
by altoronto
Hi Mladen, is it possible to convert this NinjaTrader indicator to MT4.
Re: Volume Indicators for MT4
Posted: Wed Mar 15, 2017 6:50 am
by mladen
altoronto wrote:Actually this is my failed attempt, I guess there some issues with iMAonArray and volume.
altoronto
Try it out now
Re: Volume Indicators for MT4
Posted: Wed Mar 15, 2017 3:54 pm
by Jimmy
Quite an interesting indicator that's caught my eye. I've given it a look over and it certainly seems viable for short-term scalping.
Hope you are successful with it
Re: Volume Indicators for MT4
Posted: Wed Mar 15, 2017 4:00 pm
by altoronto
mladen wrote:
altoronto
Try it out now
Thank you Mladen, you rock!
Re: Volume Indicators for MT4
Posted: Wed Mar 15, 2017 4:01 pm
by altoronto
Jimmy wrote:Quite an interesting indicator that's caught my eye. I've given it a look over and it certainly seems viable for short-term scalping.
Hope you are successful with it
Thank you Jimmy still playing with it and adding some bells and whistles
Re: Volume Indicators for MT4
Posted: Wed Mar 29, 2017 12:03 am
by Bornleader
Dear Bothers & sisters ,
As you masters are well aware that VOLUME is very important part of trading activity . Heace started this topic where esteemed community members can post their experiences , indicators & strategies related to volume if any INCLUDING IMPULSES , APEX , vertex , PEAKS & VALLEYS ETC anthings which involves the use of volume as a base to calculate price & trend . i have attached few indicators from my collection for benefit of the community members. Your help , cooperation & coordination in making this thread a success will be highly appreciated .
Re: Volume Indicators for MT4
Posted: Wed Mar 29, 2017 3:10 am
by mntiwana
Bornleader wrote:Dear Bothers & sisters ,
As you masters are well aware that VOLUME is very important part of trading activity . Heace started this topic where esteemed community members can post their experiences , indicators & strategies related to volume if any INCLUDING IMPULSES , APEX , vertex , PEAKS & VALLEYS ETC anthings which involves the use of volume as a base to calculate price & trend . i have attached few indicators from my collection for benefit of the community members. Your help , cooperation & coordination in making this thread a success will be highly appreciated .
Hi Bornleader
I know one expert and volume loving fellow "krelian" and i think he will be better explain and share his ideas and expertise to us traders,only the problem i am seeing,he is a shy kind person though not always,so there is a chance,he may hesitating a bit the term "VolumeXXX" (especially when you calling all brothers/sisters)
Example: Volume shown on a ProRealTime Chart