Hi EA!
I am really enjoying your indicator. I have thought of a few cosmetic things that I think would certainly help me [and maybe others who are using it]. Those being; if the BMC sell max line on the chart could be a different color than the BMC buy max line on the chart, if the colors of the lines on the chart could be synchronized to the text color in the top, left hand corner. Another thing that could be helpful, if possible, is that the previous buy and sell max lines could become dotted lines. Lastly, if there was an option in the exe settings to adjust the size of the text. Like I say, they are just cosmetic things but when you are looking at several charts at the same time, it would [in my opinion] make it easier to work with this awesome indicator. Thanks again for your generousity and hard work.
Hi EA!
I am really enjoying your indicator. I have thought of a few cosmetic things that I think would certainly help me [and maybe others who are using it]. Those being; if the BMC sell max line on the chart could be a different color than the BMC buy max line on the chart, if the colors of the lines on the chart could be synchronized to the text color in the top, left hand corner. Another thing that could be helpful, if possible, is that the previous buy and sell max lines could become dotted lines. Lastly, if there was an option in the exe settings...
Seems like i saw from previous post that this indicator has some problems,which havent solve till now.
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I have observed [on a 5 minute chart] that when the buy max and sell max lines are close together that they form significant support and resistant lines which work well in a non trending market since the price returns to the lines, [trade towards the lines]. If the buy max jumps then you can go long and exit when the selling = buying. If the sell max jumps, you short the market and exit when selling = buying. Using a volume indicator like the one attached may help to determine when the market will begin to trend [ie high volume = professional activity = market moves]. I hope this information is helpful.
I have observed [on a 5 minute chart] that when the buy max and sell max lines are close together that they form significant support and resistant lines which work well in a non trending market since the price returns to the lines, [trade towards the lines]. If the buy max jumps then you can go long and exit when the selling = buying. If the sell max jumps, you short the market and exit when selling = buying. Using a volume indicator like the one attached may help to determine when the market will begin to trend [ie high volume = professional activity...
I've been using the Better Volume indicator for a while now. I have version 1.3. Do you know what has been updated for version 1.4? Also, do you have the updated indicators that display the color on the price bars?
I have observed [on a 5 minute chart] that when the buy max and sell max lines are close together that they form significant support and resistant lines which work well in a non trending market since the price returns to the lines, [trade towards the lines]. If the buy max jumps then you can go long and exit when the selling = buying. If the sell max jumps, you short the market and exit when selling = buying. Using a volume indicator like the one attached may help to determine when the market will begin to trend [ie high volume = professional activity...
I've been using the Better Volume indicator for a while now. I have version 1.3. Do you know what has been updated for version 1.4? Also, do you have the updated indicators that display the color on the price bars?
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You can check out page 1 of this thread [Trade Using VSA (Volume Spread Analysis) ] for these.
I would like to thank eaprogrammer for this work.
I'm hoping that developments are continuing and if so can additions outlined by Hal2611 below, be implemented ?
Hi EA!
I am really enjoying your indicator. I have thought of a few cosmetic things that I think would certainly help me [and maybe others who are using it]. Those being; if the BMC sell max line on the chart could be a different color than the BMC buy max line on the chart, if the colors of the lines on the chart could be synchronized to the text color in the top, left hand corner. Another thing that could be helpful, if possible, is that the previous buy and sell max lines could become dotted lines. Lastly, if there was an option in the exe... to adjust the size of the text.
Just wondering if anyone still has this indicator with an alarm? I would be mot grateful if you could post it, point me to where I can get it or PM me. Cheers
ever since I found this thread, I have been doing a serious research on the BMC Volume analysis indicator. Fortunately, I have found a best way to trade using this powerfull indicator. It work best when you scalp the market with it. Pls if anyone can connect me to EA programer, I will appreciate it. I actually want to us to work togather so we can produce the most powerfull robot ever. The indicator is powerfull I most confess. So far, I have been earning up to 600% per month with the bmc volume analysis indicator. Watch out!!!
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Congratulation. Would you mind sharing with us, and indeed with EA, what the result of your resarch is?
Some notes to this indy:
It is a great work and I am grateful for EA for this stuff and appreciate all his efforts.
I recommend using IBFX demo account for somewhat accurate Volume readings, theid feed interbank.
No matter that this is thick based Volume in Forex, all what matters is the activity of traders whic it idicates.
Would be useful if you could please note the date of the update of the indy.
Trading ucing Volume data and price patterns is highly complicated and, in most, cases requires a human brain. Computers just not enough compare to us so good luck with the EA.
Otherwise great stuff!
Any updates to this great thing?
As I can see that many people got understood how it works...
That 600% guy for example... and those people using it for their own purpose...
notice that a lot of programmers share ideas in threads until a certain level is reached, which is either 1)tweaked enough now, i'm gettin the hell outta here
or in this case
2) it was a long shot anyway
I mean, all we end up is another support/resistance level anyway...quite arbitary in my opinion
Thanks for the comment.
I am already looking for ways to retain data locally.
In the meanwhile, I am running it and collect data for analysis 24/7.
Alternate solution is to open 2 charts, one with fix TF with the indicator and one without the indicator and load your favourite indicator/ea as a cross reference. Since volume will not change when TF changes, so, my preference is a m5 chart.
Volume for EURJPY doesn't accumulate much today as majority of the volume (for both buy and see) is at around 119.48/49 level.
Until 16:30GMT, Max Sell Volume changes from 119.49 to 120.08 and price went down for about 90 pips to reach old 118.48/49 level. Since no volume can accumulate and rebound back to 120.08 level.
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your indicator and system have to be one of the biggest ,crappy and thoroughly useless sytems on this forum. Please don't waste my time like this. Jeez!
First of all, I would like to thanks Alex_S to inspire me to wrote a volume analysis indicator and this thread is dedicated for forex spot using intraday volume.
Please do not post any other file(ea/indicator) to this thread since would like to keep it clean. All updated ea/indicator will be post in post #1.
This indicator works for all brokers and for all pairs.
How this indicator works:
1) Attach to any chart
2) On top left corner, you will see:
i) BMC Max Price: xxx with volume: yyy (Price level accumulated with most volume(buy and sell))
ii)...
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I beg your pardon, but, I woud like diferent color lines (I see all reds) and an alarm when the sell or buy lines change their positions. The indicator's efectivity is enormous. (Pardon again, but could you attached the mq4 file? Iwould like put an alarm)
1000 thanks and congratulations again!!
your indicator and system have to be one of the biggest ,crappy and thoroughly useless sytems on this forum. Please don't waste my time like this. Jeez!
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yeah! why did you force Mohammed to spend hours on this thread and trying to apply the principles without any self-determined common logic!
