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Rating:

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Published:

2019.01.02 14:30

OHLC_Volume_Histo.mq5 (7.62 KB) view

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OHLC Volume Histogram displays the difference between two streams of the OHLC Volume volume indicator as a colored histogram.

There are no input parameters.

Calculation:

Histogram = StreamUP - StreamDN

where:

StreamUP = Volume * UP_Coeff / (UP_Coeff+DN_Coeff)
StreamDN = Volume * DN_Coeff / (UP_Coeff+DN_Coeff)

UP_Coeff = High-Open
DN_Coeff = Close-Low

Volume - tick volume

Fig.1. OHLC Volume Histogram

Fig. 2. OHLC Volume Histogram + OHLC Volume

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23111

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OHLC_Volume_Histo - indicator for MetaTrader 5