Average volume on the legs

stark · #1 (**permalink**) 04-04-2009, 03:06 PM

Hi,

I have found on this forum Indraws Volume Analysis indicator that show the sum of the volume on the legs.

What I'd like to do is to modificate this indicator ( or to find a new indicator) for having an indicator that calculate the average volume on the legs.

Someone can help me to do this ?

Thanks very much

P.S. 1: for use Indraws you have to install also Swing Point

PS. 2 : I have attached 2 charts : the second shows the indicator, while the first shows what I am searching.
I have modified the first with Point.net for giving a better idea of what I'd like to have : a Hist che shows only the average volume

P.S. 3 : This is what I intend for :

- Swing: A high or low where the price of a stock, index, or other issue
changes direction.
- Leg: The distance between two swings.

stark · #2 (**permalink**) 04-05-2009, 08:59 AM

Hi,

For explain me better, here is a new chart and :

the indicator count : volume first bar of the leg + volume second bar + volume third bar + ... and so on ...... and display the sum

what I am interested to is that the indicator show an unique valor for the leg :

( volume first bar of the leg + volume second bar + volume third bar )/3

It's possible or is too complicate ?

stark · #3 (**permalink**) 04-05-2009, 11:51 AM

If you ask yourself because I want Know the average volume of the legs, here 3 charts that I Found on internet :

OnTheRoad · #4 (**permalink**) 04-05-2009, 05:23 PM

hi,
test these 3 modified indies,
put them in indicator folder of Mt4
OTR

stark · #5 (**permalink**) 04-05-2009, 06:27 PM

Quote:

Originally Posted by OnTheRoad

hi,
test these 3 modified indies,
put them in indicator folder of Mt4
OTR

Hi,

very thanks for the indicators.

If I understand well, the 3_Level_ZZ_Semafor_volcano_b last value is the average volume of the leg.

It's exactly what i Wanted

shabs · #6 (**permalink**) 04-13-2009, 08:54 PM

How do you get the numbers to appear in the volcano b indicator panel ?