Volume and Spread Indicator

Hi guys,

Attached is a chart with the BetterVolume (the histogram) and CDRW Spread (the yellow line overlaying the histogram, which identifies the spread of each bar) indicators on it (they are attached to this post).

Note: Spread= (High - Low) of each bar.
Volume=Tick volume

Can one of these be modified to display a table somewhere on the chart, showing average spread (ie. High-Low in pips) and volume over last x bars like this.

It would be great if it could also sound an alert (visual and audible) as described below:

------------HISTORY (no. of bars)-------------Last 60---Last 50---Last 40---Last 30---Last 20---Last 10 ------- LAST BAR
-- Average Spread (in pips) : .......................5.5......... ..5.4............3.4............3.2 ............3.1.............3.6 .................8.4
-- Average Volume : ................................... 200 .........203............186........ ...175..........168............. 174 ................162

This example would show a big spread increase compared to the still low volume..... I hope you see where I am going with this ?

I would also like an alert (visual and audible) which will be triggered when either the volume or spread is significantly higher or lower than the recent averages (% difference could be set as a parameter, as could number of previous bars to compare to).

An example of this would be ....

So, an increase or decrease significantly (maybe 50% up or down from the average?) in either the spread or volume is something which could easily be ALERTED on screen via this indicator (ie. last bar action vs. previous bars "the background"). I am not suggesting this is in any way an entry alert, just something to allow us give the chart we are looking at a 'heads up'

The following alerts could be triggered - the 50% could be an input parameter to suit, as could the number of previous bars looked at:

1) LARGE SPREAD ALERT: Alert when spread is over 50% of the average of last 20 bars
2) LOW SPREAD ALERT: Alert when spread is less than 50% of average of last 20 bars
3) HIGH VOLUME ALERT: Alert when volume is over 50% of the average of last 20 bars
4) LOW VOLUME ALERT: Alert when volume is less than 50% of average of last 20 bars.

e.g. a couple of alert examples:

**** Alert: HIGH VOLUME BAR on GBPUSD ****
**** Volume 86% higher than last 20 bars avg. ***

**** Alert: LOW SPREAD BAR on EURUSD ****
**** Spread 23% of last 20 bars avg. ***

Thanks in advance,

Willowgal

Nobody able to help here ?

I wish I was a coder... I tried once but never again

we can make them appear like comments, or we must make new indicator, the posted indicators have their property and if changed they will not display.

Ok fine .... can you do this with a new indicator (based on your volume indicator).

I would really appreciate it, whichever method you suggest is best

Thanks very much for replying.

WG

Hi Obaidah .... any progress my friend ??

i have made 2 indicator show volume and spread, very simple, and they have 2 sma, you can use this, read the info inside the code.

Thanks Defcon,

I am not a coder but I am sure one of our happy band in here will be able to do this .... well, I hope so anyway

WG

hello buddy, i promised you to get this done after the market close, i almost finished it but i had a little problem with object creation functions (mql4 is sooo stupid) and its 3:22 AM and im too sleepy, here's the indicator but it will write comments instead of writing the data in the indicator's window, i'll change that tomorrow but lets first make sure that this is what you're looking for... sorry again but its been a long day.

Thanks, Defcon, for the indicators. The spread one's now my only automated indicator besides a HA one.
I realize this thread is addressed to another; however, I wanted to let others who may use the indicator to know something about the indicator yours is copied from.


CDRW Spread is different for every broker's MT4 platform, and denotes this with a small number ('.0000' for FX Pulp, .0001 InstaTrader, .00012 ODL's MetaTrader, .0009 FXCM, etc. .0002 (found at another Metatrader.com broker platform) seems to cover little patterns better than the others, representing larger areas with copied little patterns.) beside its name above the indicator. Because of this, each platform has values for CDRW Spread that are different enough to reduce value in recognizing patterns in the indicator.

Defcon's price bar spread indicator copies CDRW Spread without showing this number nor offering a solution to the interbroker differences. There may not be a solution; I vaguely recall thatwasme saying this, not sure.

Using Defcon's indicator with single-bar reading works across all brokers' platforms, regardless of differences; trying to label multi-bar patterns from the spread line does not.
I just now started doing this to replace a volume indicator and CDRW Spread. Plus, some of the more dramatic CDRW Spread (and its copy above) patterns do still work, such as those made from very high or one-pip price spreads for a bar. Smaller, less-obvious spread patterns would only work for that particular broker, given its particular CDRW Spread number. Since my own method is highly dependent on using the indicator to make trendlines, I must be aware of this difference at all times.

Hi I dont know if you are still round but I am interested how you overlayed Better Volumes1.3 and CDRW spread and I would also be interested in alerts to indicator. Sorry this is my first post. Good trading

I started an intence study course in Volume Spread Analysis or VSA. It is very cool and am enjoying it alot. I cant trade VSA with my Methodology because I use Range bar charts and most people trade VSA off of time charts.

But I did start looking at volume very closely when entering my trades and Im making better trades. I have been more profitable since I started looking at volume! Also I have more cofidence in the trade

I have the indicator 1.4 version. Would the alert work for 1.4?

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These Indicators seem to be similar.
I will try all indicators on this thread when I come home from work!

can someone help to programme the better volume indicator to give out sound or aleart when there's a green candle or red candle climax?