Need help to make Cumulative Volume Index indicator for MT4

Quoting COGSx86

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{quote} I know exactly what you are saying. During off hours price and volume dont correlate together because there isnt enough market makers to impact price movement i isn either direction. To add volume becomes a factor IMO between 12am EST to 1 pm EST. This is when Japan, Europe, UK and US markets are active. I have been trading with volume for over a year now and have fined tuned my trading for a 6 hour wind between 8am EST to 1 EST but this can be adjust Im in MST so thats actually 6am to 11am. Also depends on the news etc, such a FED minutes...

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Quoting Sciurus

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{quote} Having correlation would be sweet. This delta volume indicator definitely does deviate a lot from price. I'll have to pay more attention to it during NY open to see if it correlates better. One thing I have observed is that price seems to sometimes move with little resistance (on little volume), and at other times with great resistance (large volume). Those large volume candles might look like lots of buying or selling going on, but because brokers are showing us mostly retail trader volume, there may be a lot if institutional absorption...

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Quoting GU-Night

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This seems to have potential. Not a big fan of indicators, but this one has my interest. Thanks guys. {image} {image} {image}

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Quoting COGSx86

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Hey Sciurus That history idea, sounds pretty awesome. Just want to add, that fibos can be something that really helps out with the correlation of volume to price. It seems when price is within a range of correlation to volume the divergence and convergence measures can be used to look for reversals with a higher probability of this. But when price and volume move outside of a range 50% for example. The diver/conver signals dont seem to work as well and the price is going to continue the trend. Just think of it this, as price moves up but volumes...

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Quoting Sciurus

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{quote} Succinctly put. I know exactly what you mean. Here is a screenshot from yesterday with fibs plotted on price AND volume in areas where price and volume diverged (price was at 50% retrace, and volume at 100% retrace). Sandwiched between them is where price and volume were in sync, and price trended upwards. But then there are those areas where price is at 100% retrace, and volume is at 150-200%.{image}

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Quoting Sciurus

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Ok folks. Here is an updated version of Delta volume. Key changes. -Will now show history (but you need to first gather some data by enabling it in the settings). -automatic background colour detection. -can change bar colour in settings. One problem remains, and that is that it cannot handle multiple charts accessing the same history file. Hence DO NOT apply to multiple charts with the same symbol unless history is disabled. Or else, your terminal will freeze. I am not liable for what happens if you do not heed this warning. I am also attaching...

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Quoting Sciurus

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Ok folks. Here is an updated version of Delta volume. Key changes. -Will now show history (but you need to first gather some data by enabling it in the settings). -automatic background colour detection. -can change bar colour in settings. One problem remains, and that is that it cannot handle multiple charts accessing the same history file. Hence DO NOT apply to multiple charts with the same symbol unless history is disabled. Or else, your terminal will freeze. I am not liable for what happens if you do not heed this warning. I am also attaching...

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Quoting COGSx86

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{quote} Hey your an awesome guy for going above and beyond doing this. Noob question, when you say place the history file in the file folder........what file folder do you mean ?

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Quoting Sciurus

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{quote} It would go in the 'Files' folder. Program folder --> mql --> Files --> tick data file

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Quoting COGSx86

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{quote} Oh geez quick response, haha awesome thanks

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Quoting Sciurus

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Without getting too ahead of myself (), here is the 20 period Pearson's product moment correlation between delta volume and price. with the limited amount of data I have, it seems to cycle between 0 and 50% correlation. I'm not sure how useful, but it is interesting. As I was doing this, it occurred to me that a decent way to measure correlation would be to compare the slope of MAs on both price and volume. {image}

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Quoting Sciurus

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Ok folks. Here is an updated version of Delta volume. Key changes. -Will now show history (but you need to first gather some data by enabling it in the settings). -automatic background colour detection. -can change bar colour in settings. One problem remains, and that is that it cannot handle multiple charts accessing the same history file. Hence DO NOT apply to multiple charts with the same symbol unless history is disabled. Or else, your terminal will freeze. I am not liable for what happens if you do not heed this warning. I am also attaching...

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Quoting FXKabab

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{quote} Thanks for sharing Sciurus I'm having issues with it on one of my MT4s though.. it works on the others, but on one particular it never creates the "tick file" when I select "recordTicks".. Allow DLL Imports is checked off on the Expert Advisor Tab in Chart Properties, and also checked off on the common tab in the Indicator Settings.. not sure why a CSV file isn't being created.. though this broker has a "." suffix on all pairs and not sure if that is the issue? Thanks

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Quoting Sciurus

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{quote} ​Strange. Is 'allow dll imports' selected when you apply the indicator (it needs to be to handle the background colour stuff). Also, what a strange broker suffix! I'm going with the ell imports being the problem. Try the newest version (attached), allow dlls, and see if that works. I also added some simple code so that if it can't create or open the file for that step it will print a message in the Experts tab to that effect. {file}

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