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I need somebody to help me... I need to develop an indicator based on volume.
The concept of the indicator.
step1.Take the Zigzag-Indicator and plot on graph(look at the chart).
step.2 Find the numbers of bars in each leg (i mean down leg or up leg e.g h-l or l-h) and volume which corespond to each leg and make an average. bar's 1 volume + bar's 2 volume+bar's 3 volume... /by total number of bars. and we must obtain somthing like on the chart. (This is verry powerful indicator it's shows the strength and weakness of the trend.
PLEASE HELP ME!!!!
PS: take care... the last bar of down leg e.g 12bar is the 1'st bar in up leg and the 13's bar in up leg is 1 bar in down leg. TTHE INDICATOR MUST PLOT ONLY THE RESULT AS IT IS SHOWN ON GRAPH WITH WHITE COLOR.
Hi
I love this indicator becuase it shows me when we have a retrace that the volume starts drying up. Is it possible to have it displayed on the chart the way MT4 standard volume does. Thank you
__________________ The more I look, the more I operate. The more I pull out, the more I put back. The more I more,The better I trade
:: this indicator depends on a sort of [zig-zag] indicator ... "swing point" ... we all know what zig-zags can do...
IN10TON
Quote:
Originally Posted by spiritbreezer
Hi
I love this indicator becuase it shows me when we have a retrace that the volume starts drying up. Is it possible to have it displayed on the chart the way MT4 standard volume does. Thank you
:: yes, repaint, if you're used to deal or trade with zig zags, if you are really familiar with zig zag, like a habit then you can deal with the repaint jumps, otherwise if this is the first time you going to use this indicator you will be in a big surprise if something is going to happen.
IN10TION
Quote:
Originally Posted by prasxz
what do u think zigzag can do ? I think the answer is repaint ..right ?
NEW UPDate! 04 Nov. 09 
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