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711
Rating:
votes: 8
Published:
2018.07.13 16:04
VLM.mq5 (9.54 KB)view

Indicator of volumes. It displays a color histogram of relative volumes by day hours:

  • Hour from 08 to 13 - color red
  • Hour from 14 to 17 - color bright green
  • Hour from 18 to 21 - color red
  • Hour from 22 to 23 - color green
  • Hour from 00 to 07 - color blue

Volume of each hour is calculated as a ratio between the current volume to the mean volume value within the predefined range.

The indicator has one input parameter:

  • Period - calculation period

Calculations:

VLM = Volume/VolAvg

where:

VolAvg = SMA(Volume, Period)

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21335

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