New Voume Indicator is here !!

omrangassan · #1 (**permalink**) 03-26-2007, 02:18 AM

Hello ..

Volume is the missed component in Forex .. We shall here make a solution that needs some Help of the MQ4 programmers ..

In MT4 there is a Volume Indicator that measures the Tick Volume for each accompanying Candle.

We need to smoothen the Volume Histogram by another Histogram that measures a diffrence between Two Volume MA's.

ALL YOU NEED IS EXPLAINED IN THIS PICTURE

mangman · #2 (**permalink**) 03-26-2007, 04:15 AM

Try this link http://www.xpworx.com/XP%20Volume.htm

You can thank Codersguru for it.

Here is the indicator

amenlo9 · #3 (**permalink**) 03-26-2007, 06:19 AM

newbie here,

what is the function of volume?how to use it on trade?

omrangassan · #4 (**permalink**) 03-26-2007, 02:22 PM

My best thanx for mangman ..
My BIG kisses for Codersguru ..

I'm really so thankful for all of this ...

But : I still has to improve this as It's Histogram doesn't looks like what I want ...
I want that its histogram to look like that of MACD ..

THANX

prasxz · #5 (**permalink**) 03-26-2007, 02:44 PM

Quote:

Originally Posted by amenlo9

newbie here,

what is the function of volume?how to use it on trade?

volume represents quantity of people who take position buy or shell .

volume indicators are used to confirm the trend and the buying or selling pressure in that trend direction

higher volume make a price moving with strong trend ..up or down...

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Forex Indicators Collection

vladv · #6 (**permalink**) 03-26-2007, 04:07 PM

Thanks all for coding it

,I know that the volume is a VERY IMPORTANT indicator for trend reversals major big moves in the market.

mangman · #7 (**permalink**) 03-26-2007, 07:21 PM

omrangassan,
Ok I made the changes to fit your need.
As you may know, the 2 MA values of Volume can be adjusted externally.

omrangassan · #8 (**permalink**) 03-26-2007, 10:50 PM

I really can't say anymore , pal

For mangman .. I don't think that Thanx is enough ..

I'm really missing such friends , mangman ..

You are a one rarely could be found on earth ..

wish to got you as a friend .. can we have a chat ?

omran_indraws@yahoo.com

Tradefxadvisor · #9 (**permalink**) 06-05-2007, 01:26 PM

Quote:

Originally Posted by mangman

omrangassan,
Ok I made the changes to fit your need.
As you may know, the 2 MA values of Volume can be adjusted externally.

After installing this on my charts it initially looks great, but then fails to update. Am I doing something wrong?

Thanks.

Pipskateer · #10 (**permalink**) 08-01-2007, 05:21 PM

I agree....Volume is the missing link, but with no central data acquisition method/vehicle for the entire FX market, you're only getting your own broker's volume data.....please correct me if I'm wrong?