Low Volume Candles | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

How to select last four candles with Highest price or Volume? 8 replies

Bull & bear candles volume counter 4 replies

Consecutive candles indi combined with volume & spread indi 13 replies

Calculating only buy candles vs sell candles 2 replies

Attachments: Low Volume Candles
Exit Attachments

Low Volume Candles

  • #341
  • Edited 10:17pm Jun 27, 2017 3:04am | Edited 10:17pm
Quoting v2vboni
{quote} This is truly a pretty good indicator... extra ordinary IMO
This thread is alive! still extra ordinary indicator.... not entry signal but a pretty good exit signal. This might be a good combination with Market Profile indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 35 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #342
  • Jun 27, 2017 10:27pm Jun 27, 2017 10:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #343
  • Jun 28, 2017 2:33am Jun 28, 2017 2:33am
Quoting v2vboni
{image}

Interesting how Boxes are formed in the areas interest gets weaker, Supply zones and Demand zones. It's hard to build indi for Supply&Demand maybe Market Profile delivers about the same.

On second image. There is Three red boxes that has higher highs, can one assume Blue boxes are most likely to be taken out?

Maybe this thread can move forward as per Abok's first page. I think Market Profile and Hukam boxes could be the first strategy to be explored. v2vboni, care to take it away?



.Chris
  • #344
  • Jun 28, 2017 8:16pm Jun 28, 2017 8:16pm
Quoting v2vboni
{quote} This thread is alive! still extra ordinary indicator.... not entry signal but a pretty good exit signal. This might be a good combination with Market Profile indicator. {image}

mp indicator >>>> https://www.forexfactory.com/showthr...5#post10015325
  • #345
  • Jun 28, 2017 9:04pm Jun 28, 2017 9:04pm
Quoting dagoods
{quote} mp indicator >>>> https://www.forexfactory.com/showthr...5#post10015325

hello... I fixed the MP indicator array out of range thing as cja was seems to be busy and not able to comeback to my post.

I re-encoded it from the original version MT4 build 509 to 1090 build..

Although, I eventually added extra features with it after I added triangular POC trend lines that cja added.

You may access it here >>>> https://www.forexfactory.com/showthr...8#post10032088
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #346
  • Edited 9:34pm Jun 28, 2017 9:05pm | Edited 9:34pm
Quoting Sandberg
{quote} Interesting how Boxes are formed in the areas interest gets weaker, Supply zones and Demand zones. It's hard to build indi for Supply&Demand maybe Market Profile delivers about the same. On second image. There is Three red boxes that has higher highs, can one assume Blue boxes are most likely to be taken out? Maybe this thread can move forward as per Abok's first page. I think Market Profile and Hukam boxes could be the first strategy to be explored. v2vboni, care to take it away? .Chris

I am not good of a coder... Abo is the man for the continuous development or improvement of such indicator.

...with regards to MP & LVC indicator combo... it needs some more testing
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #347
  • Edited 11:24am Jun 29, 2017 11:13am | Edited 11:24am
Quoting v2vboni
{quote} hello... I fixed the MP indicator array out of range thing as cja was seems to be busy and not able to comeback to my post. I re-encoded it from the original version MT4 build 509 to 1090 build.. Although, I eventually added extra features with it after I added triangular POC trend lines that cja added. You may access it here >>>> https://www.forexfactory.com/showthr...8#post10032088

this was my idea of perfectly timing a trade fwiw>>>> https://www.forexfactory.com/showthr...5#post10035405

whether you can use LVC candles to do that is yet to be determined, but the idea is the same using supp resis or LVC's (should be relatively the same thing)... notice a good trade happened only after LVCs all were taken out and it reversed on all 4 pairs

so a 28 pair dashboard showing lvcs being used up at the same time on multiple pairs may do wonders... just an idea

for your considerations

kind regards
  • #348
  • Jul 17, 2017 5:40pm Jul 17, 2017 5:40pm
Quoting Sandberg
{quote} My contribution was 4 lines of code, ....
I cannot attach this indicator. MT4 build 1090. would you be willing to help?
I can.I will. End of story.
  • #349
  • Sep 25, 2017 7:28am Sep 25, 2017 7:28am
Hi Abo
Following on from posts 314/317, 314 copied here for reference
Most grateful if you can help, in your reply (317) you seems you have good idea what i am after!!
many thanks and help appreciated, regards Paul

Post 314
"I am after an indicator that can sum volume for particular selected adjacent bars. I know there are leg volume indicators out there and Weiss wave etc but i am looking for something that can sum specific adjacent volume bars, ie may be two dozen bars in a specific trading range (for comparison purposes) perhaps across the top or bottom of the range not related to "zigzag".
I am thinking it would be something like the trend line tool. Obviously with the trend line tool (with ray facility switched off) you can drag it and it will automatically show number of time periods past (left to right) and number of pips (up/down) but would it also be able to sum volume for the bars it encapsulates left to right?
Any feedback appreciated, apologies if this is not the place to raise this. rgds Paul"
  • #350
  • Oct 13, 2017 8:43pm Oct 13, 2017 8:43pm
Hi abokwaik,

I think its all about how to make use of an indicator or a system.

Since you said that the LVC is a returning point(e.g. the price will return to the LVC candle faster)

I think its best to use averaging until price returns to the LVC.

Look at the chart for my examples.

Pardon my graphics. But in the chart I use red arrows(actually the sixth candle after the red arrow cause thats when the actual arrow appears) for short entry and every time there is another red arrow with an entry higher than the previous entry I would add 1 more lot and so on until a blue arrow appears and I will start buying in same way.
Let me know what you think.

P.S 1 lot is just an example you can use any lot size according to your risk tolerance and account balance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 65 KB
  • #351
  • Jan 16, 2018 1:10pm Jan 16, 2018 1:10pm
I stumbled on this thread reading up on different approaches to exits, which are so critical and unfortunately under-discussed. The concept here is interesting, but makes one wonder: Regardless of (1) whether or not low volumes areas attract price and (2) if this indicator actually identifies those areas, why is a prior low volume area any indication that it might still be a low volume area? Thanks for any insight.
  • #352
  • Mar 11, 2018 4:58pm Mar 11, 2018 4:58pm
Quoting Sandberg
I have changed signals to square boxes which according to me becomes easier to see if they are filled or not. I also added a counter on not yet closed boxes for Longs and Shorts. Abok is a great contributor and have spent years in coding EA's and indis for us all to enjoy. He also apply Open Source, on most if not all projects, which I like and it is common in programming areas. One idea: Is there a bigger chance for a Pair to turn when there is for instance 26 open Short Boxes and Zero Long boxes left to close? Disclaimer: My added code might be...
Hi,
i just found this indicator and it looks very interesting.
I wanted to add it to an expert for binaries to give signals and try it out..
But it seems that the arrows don't give signals, (buy + sell)?
(Some problem with the buffers ?)
Sorry, i am not a programmer..

Can somebody change that ?

Thanks a lot !
  • #353
  • Mar 12, 2018 9:56am Mar 12, 2018 9:56am
Quoting netprofit77
{quote} Hi, i just found this indicator and it looks very interesting. I wanted to add it to an expert for binaries to give signals and try it out.. But it seems that the arrows don't give signals, (buy + sell)? (Some problem with the buffers ?) Sorry, i am not a programmer.. Can somebody change that ? Thanks a lot !
Hi there !

The last version I shared was v04.
See attached image with corresponding indicator data buffers.

Attached Image (click to enlarge)
Click to Enlarge Name: lvc4.png Size: 44 KB


You are welcome to share your EA here as well.

All the best,
Khalil
No guts, no glory
  • #354
  • Mar 12, 2018 10:55am Mar 12, 2018 10:55am
Quoting abokwaik
{quote} Hi there ! The last version I shared was v04. See attached image with corresponding indicator data buffers. {image} You are welcome to share your EA here as well. All the best, Khalil
Hi, i already noticed the problem now:
The signals are shown only some candles later.
So it can't not be used for "the next candle"..

I am using MT2IQ.com robot to trade automatic from MT4 signal to IQOption.
But still searching for a good working Indicator with at least 70% win rate for 1 - 5 minute trades..
And haven't found any till now.

If you have an idea for that ?
(I also would take an Indicator which gives terrible bad signals and just reverse put and call then.. )
  • #355
  • Mar 12, 2018 11:00am Mar 12, 2018 11:00am
Quoting netprofit77
{quote} Hi, i already noticed the problem now: The signals are shown only some candles later. So it can't not be used for "the next candle".. ...
The low volume candles are discussed here as potential targets, not entry points.

Quoting abokwaik
.... The thread promotes low volume areas as potential exit targets. ..
No guts, no glory
  • #356
  • Mar 30, 2018 11:47am Mar 30, 2018 11:47am
Hello Guys,

I'm still looking for this indicator oxygen o2 from ding dong.
Can anyone post this indicator please ?

Thanks,
Attached Image
  • #357
  • Aug 28, 2019 1:51am Aug 28, 2019 1:51am
Quoting doerpn
{quote} To test the behaviour of LVC Detector I built a chart with 9 major pairs on 1 min TF. When there appeared an up or down arrow I marked it with a vertical line. The arrows do not repaint! Once they appear they will never disappear...but they appear only on candles when the fifth candle afterwards closes and the sixt candle opens. So its not possible to trade the second candle after this signal because it almost allways has the same candle colour as was said some posts bevor..... EDIT: just noticed: when setting "Future Bars" to 2 the signals...
Well observed. Thanks for your efforts.
Further observation are welcome.
  • #358
  • Aug 31, 2019 10:10am Aug 31, 2019 10:10am
Quoting hukam
{quote} ea or we reach to 4H loop its will happen very very rare case. mostly all order closed within or less than 30-45min. please check EURGBP LVCs LVC is working perfectly as per testing which i had done on USD, CAD, EUR, GBP, AUD, NZD pairs. {image}
Dear Hukam,

Could i know where to take your volume indicator on your chart ?

Thank you for your help
  • #359
  • Mar 16, 2021 5:08pm Mar 16, 2021 5:08pm
I hope this is not too late . . .
Could you please change the arrows with rectangles from the candles to the right indicating target zones.
Any zones taken can be removed (optional)
  • #360
  • Apr 2, 2024 9:10pm Apr 2, 2024 9:10pm
Quoting abokwaik
{quote} The low volume candles are discussed here as potential targets, not entry points. {quote}
i haave test your indicator , but its has fault that after 2,3 candles its how arrow on previous candle from current running candle.please fix it
0 traders viewing now