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Indicators

OHLC_VolumeH - indicator for MetaTrader 5

Views:
4158
Rating:
(9)
Published:
2018.08.23 11:37
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OHLC VolumeH displaiys the difference between two volume lines of the OHLC Volume volume indicator as a histogram.

Since OHLC Volume is calculated only by OHLCV bar values, the indicator has no configurable parameters.

Calculation:

OHLCV = UpV - DnV

where:

UpV = Volume * CoeffUP/(CoeffUP+CoeffDN)
DnV = Volume* CoeffDN/(CoeffUP+CoeffDN)

CoeffUP = High-Open
CoeffDN = Close-Low

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21403

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