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Indicators

Trading Volume Line - indicator for MetaTrader 5

Vladimir Karputov
Views:
6229
Rating:
(36)
Published:
2022.04.24 06:00
Download as ZIP, How to download code from MetaEditor
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The idea of the indicator

The indicator was rewritten at the request from the forum ( Does anyone have this simple volume indicator for MT5? )

Trading Volume Line

Rice. 1. Trading Volume Line

Three modes can be set in the parameters:

  • Close Ratio
  • Open Ratio
  • Body Ratio
(the mode is displayed in the indicator window)

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    The ZigZagExtremaOnArray is an mqh include file which contains the calculation function of MetaQuotes' Examples ZigZag, BUT you can use it on any buffer that contains curves or histograms, similarly to the MovingAverages.mqh from include. The idea was to get highs and lows of an indicator curve quickly with the help of an "onBuffer" function.

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    Have you ever asked yourself why it is not possible to customize fractals more? ... now it is.