Volume on Price Level indicator for MT4? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Looking for volume at price indicator for MT4 27 replies

Volume indicator that predicts total volume of current candle 14 replies

Does 'volume' of MT4 show the tick volume of the market? 47 replies

MT4 Volume Indicator 4 replies

Looking for MT4 indicator - beeps when price volatile or unusual volume? 7 replies

Attachments: Volume on Price Level indicator for MT4?
Exit Attachments

Volume on Price Level indicator for MT4?

  • #1
  • First Post: Jul 10, 2010 9:36am Jul 10, 2010 9:36am
Does anybody know where to download this indicator for MT4? Here is how it looks like for those who don't know it.
  • #2
  • Edited 1:00pm Jul 10, 2010 10:55am | Edited 1:00pm
My understanding is that volume is not very useful for forex as the indicator will only show the volume for your broker and will therefore be inaccurate.
  • #3
  • Jul 10, 2010 12:20pm Jul 10, 2010 12:20pm
Quoting learnerdavid
My understanding is that volume is not very useful for forex as the indicatior will only show the volume for your broker and will therefore be inaccurate.
That beeing said if you want such an indicator search for "Market Profile".
  • #4
  • Jul 11, 2010 6:58pm Jul 11, 2010 6:58pm
Here is one I found sometime ago.
Attached File(s)
File Type: mq4 Level Sensor new.mq4   5 KB | 7,799 downloads
It never gets easier, you just get better
  • #5
  • Jul 11, 2010 7:15pm Jul 11, 2010 7:15pm
Quoting learnerdavid
My understanding is that volume is not very useful for forex as the indicator will only show the volume for your broker and will therefore be inaccurate.
My Volume indicator shows the whole market data.
The more experience the closer to the reality
  • #6
  • Jul 11, 2010 7:17pm Jul 11, 2010 7:17pm
Quoting Ivan
My Volume indicator shows the whole market data.
Care to share? Please
  • #7
  • Jul 12, 2010 1:11am Jul 12, 2010 1:11am
Volume indicator in MT4.
The more experience the closer to the reality
  • #8
  • Jul 12, 2010 1:37am Jul 12, 2010 1:37am
you won't see the real volume, because the market is unregulated, therefore not very useful at all, unlike stocks, where the volume you see really means something
Twitter: @forexpokerpro
  • #9
  • Jul 12, 2010 9:54am Jul 12, 2010 9:54am
Quoting Shabs19
Here is one I found sometime ago.
Nice, but it doesn't work with volume I think. I don't see any reference to it on the code.
  • #10
  • Sep 20, 2013 5:31am Sep 20, 2013 5:31am
Quoting Ivan
{quote} My Volume indicator shows the whole market data.
I like this !
jaguar from beathespread.com
  • #11
  • Oct 16, 2013 10:01am Oct 16, 2013 10:01am
Hello,
I have found an indicator called Effort index for Amibroker. I think it'll be helpful to have it for MT4, because i couldn't find a similar version. It could be helpful, maybe in combination with other indicators such as Better volume.
Unfortunately I don't use Amibroker, therefore, I don't really know the logic behind this AFL code.

Information and logic for this indicator is here:
karthikmarar.blogspot.ro/2013/06/effort-index-afl.html
www.youtube.com/watch?v=iyD3TZTaxmk


thx
Attached File(s)
File Type: zip Effort Index V.1.0.afl.zip   < 1 KB | 2,942 downloads
  • #12
  • Oct 16, 2013 10:19am Oct 16, 2013 10:19am
Quoting timilica
Hello, I have found an indicator called Effort index for Amibroker. I think it'll be helpful to have it for MT4, because i couldn't find a similar version.
You cannot get Volume information from MT4 just tick counts.
20 pips a day isn't too much to ask . . .
  • #13
  • Oct 16, 2013 10:47am Oct 16, 2013 10:47am
Agree but...
If you compare the price feeds from several brokers price tends to move pretty much in harmony across the market. Effectively, the data pool is normalised on each platform as you're not comparing tick volume from one provider vs another - you're comparing tick volume from one provider against the price movement from the same provider for the same pair on a bar by bar.
Please read the information regarding this indicator.

have a nice day
  • #14
  • May 10, 2018 11:09am May 10, 2018 11:09am
Quoting Jasus
{quote} Nice, but it doesn't work with volume I think. I don't see any reference to it on the code.
No reference in code. Interesting......hmmmm
  • #15
  • May 10, 2018 11:11am May 10, 2018 11:11am
Quoting timilica
Agree but... If you compare the price feeds from several brokers price tends to move pretty much in harmony across the market. Effectively, the data pool is normalised on each platform as you're not comparing tick volume from one provider vs another - you're comparing tick volume from one provider against the price movement from the same provider for the same pair on a bar by bar. Please read the information regarding this indicator. have a nice day

Gotcha......
  • #16
  • May 10, 2018 11:18am May 10, 2018 11:18am
I downloaded the one refefenced earlier in this thread..........But I am using another one I found in another thread........This thread is short.....easy for me to digest..............This indicator is actually very useful.......it shows volume on price for what your broker is doing......

FOREX is not on an exchange.......so the information this indicator gives is with the broker and its representation of price.....
Very useful.....

I have just learned about volume analysis about a month ago.......it seems I can use only this to trade (eventually)

hhhhhmmmmmmmmmmm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (52).png Size: 46 KB
Attached File(s)
File Type: ex4 level_sensor_116.ex4   12 KB | 1,360 downloads
  • #17
  • Last Post: Dec 9, 2020 3:58am Dec 9, 2020 3:58am
Quoting pavanaj
I downloaded the one refefenced earlier in this thread..........But I am using another one I found in another thread........This thread is short.....easy for me to digest..............This indicator is actually very useful.......it shows volume on price for what your broker is doing...... FOREX is not on an exchange.......so the information this indicator gives is with the broker and its representation of price..... Very useful..... I have just learned about volume analysis about a month ago.......it seems I can use only this to trade (eventually)...
thank you so much for this useful indicator
0 traders viewing now