Volume indicator that predicts total volume of current candle | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Pip counter indicator on the current candle 10 replies

Need MT4 indicator for Current Candle Length 26 replies

Indicator for average candle size for up or down candle? 1 reply

Indicator needed for Candle Range from Current price to High/low 2 replies

Looking for indicator that will highlight the previous 24 hours from current candle 4 replies

Attachments: Volume indicator that predicts total volume of current candle
Exit Attachments

Volume indicator that predicts total volume of current candle

  • #1
  • First Post: Jun 20, 2014 4:16am Jun 20, 2014 4:16am
Hi All,

I currently use the Better Volume indicator. A while ago I saw a Volume indicator that gave you a prediction of the current candle's the total volume as it was progressing based. It was very accurate and gave you a pretty good indication of a volume spike before the end of the candle. It showed a 'shadow' total volume bar behind the progressing real volume. I seem to remember you could designate the color of the shadow total volume bar.

I was hoping someone could either point me in the direction of it or perhaps alter the one I have uploaded.

Thanks, happy pip hunting
Attached File(s)
File Type: mq4 BetterVolume 1.5 new with Alerts.mq4   7 KB | 3,464 downloads
  • #2
  • Jun 22, 2014 12:13am Jun 22, 2014 12:13am
The attached Better Volume indy toggles between the current and projected volume of the currently forming candle. It's not the one you mentioned, as it was coded by a friend of mine, and has never previously been posted publicly.

I have no idea whether it will run correctly on MT4 build 600 or later. Hence if you decide to try it, it's at your own risk.
Attached File(s)
File Type: ex4 BetterVolume 1.4 JA.ex4   6 KB | 2,617 downloads
  • #3
  • Jun 23, 2014 4:52pm Jun 23, 2014 4:52pm
Quoting hanover
The attached Better Volume indy toggles between the current and projected volume of the currently forming candle. It's not the one you mentioned, as it was coded by a friend of mine, and has never previously been posted publicly. I have no idea whether it will run correctly on MT4 build 600 or later. Hence if you decide to try it, it's at your own risk. {file}
Can you post the other one he mentioned that predicts the incoming volume?
  • #4
  • Jun 24, 2014 12:12am Jun 24, 2014 12:12am
Here is the "Prorata Volume" for TradeStation.


Attached File(s)
File Type: txt VolumePRV.txt   5 KB | 1,517 downloads
  • #5
  • Jun 24, 2014 4:37pm Jun 24, 2014 4:37pm
Quoting justin7
{quote} Can you post the other one he mentioned that predicts the incoming volume?
If you can tell me the exact name of the indicator he's referring to, I'll search my archive. But it's more likely that I don't have it.
  • #6
  • Jun 24, 2014 5:36pm Jun 24, 2014 5:36pm
Quoting hanover
It's not the one you mentioned, as it was coded by a friend of mine, and has never previously been posted publicly.
this one you mentioned??
  • #7
  • Jun 24, 2014 5:45pm Jun 24, 2014 5:45pm
Quoting justin7
{quote} this one you mentioned??
Justin,

The indicator that was created by my friend: it is attached to post #2.

The indicator that the OP is referring to: I have never seen it.

Ah, I see now that my statement could be interpreted in multiple ways. Perhaps I should have said, "The attached indicator can't possibly be the one that you mentioned, because it was coded by a friend of mine, and has never previously been posted publicly. But I hope that it will suffice."

Sorry, my bad.

David
  • #8
  • Jun 24, 2014 7:16pm Jun 24, 2014 7:16pm
Quoting Mingary
Here is the "Prorata Volume" for TradeStation. {file}
Can this be made for mt4?
  • #9
  • Jun 24, 2014 9:42pm Jun 24, 2014 9:42pm
Quoting justin7
{quote} Can this be made for mt4?
You would need to find a programmer with both TS and MT4 coding skills.
  • #10
  • Jun 25, 2014 4:46am Jun 25, 2014 4:46am
for example: mql5.com/en/job
PM me with coding requests and I'll probably put you on my ignore list
  • #11
  • Jun 25, 2014 5:25am Jun 25, 2014 5:25am
Quoting justin7
{quote} Can this be made for mt4?
Yes.
However, I did not see the value in it and therefore did not translate for MT4.
The problem is that the volume on a price bar is not uniformely distributed, therefore the prediction is exremely innacurate.
  • #12
  • Jun 25, 2014 3:38pm Jun 25, 2014 3:38pm
Quoting Mingary
{quote} Yes. However, I did not see the value in it and therefore did not translate for MT4. The problem is that the volume on a price bar is not uniformely distributed, therefore the prediction is exremely innacurate.
elsewhere i have seen someone say it works well :/
  • #13
  • Jun 30, 2014 9:32pm Jun 30, 2014 9:32pm
Quoting justin7
{quote} Can you post the other one he mentioned that predicts the incoming volume?
Here is the original indicator I referred to in the first post.
Attached File(s)
File Type: ex4 SessionVolume.ex4   9 KB | 3,301 downloads
  • #14
  • Jun 30, 2014 9:33pm Jun 30, 2014 9:33pm
Quoting hanover
The attached Better Volume indy toggles between the current and projected volume of the currently forming candle. It's not the one you mentioned, as it was coded by a friend of mine, and has never previously been posted publicly. I have no idea whether it will run correctly on MT4 build 600 or later. Hence if you decide to try it, it's at your own risk. {file}
Thanks Hanover, I posted the original in the last post quoting justin7
  • #15
  • Last Post: Jul 4, 2019 8:45pm Jul 4, 2019 8:45pm
Hi haggis, do you happen to have the SessionVolume ind but in the .mq4 file version instead of the .ex4?
0 traders viewing now