volume on/at price indicator
smw10: This indicator gives the value of volumes (contracts) as a vertical histogram. The total volume at each pip level between the high/low of a previous period (eg 1H/1D) is plotted as a series of horizontal lines at each pip level (rather like a vertical MACD). levels of low volume give remarkably good turning points. I thought there may be a proprietary one for MT4 but as MT4 uses ticks for volumes and this indicator works on contracts it could not work on MT4 anyway. I have a seen it working on sierra platform but it is an expensive feed. Does anyone know if it exists on MT5 or anywhere else with a free feed?
Whats the name of the indicator? Did you search the code-base for both mt4 and mt5?
Does it look something like this? https://www.mql5.com/ru/code/10550.
ubzen:
Sorry nothing like this. It is just like the volume indicator/histogram but it runs up the side of the chart with the histogram levels showing horizontally. It is called volume by price.
Whats the name of the indicator? Did you search the code-base for both mt4 and mt5?
Does it look something like this? https://www.mql5.com/ru/code/10550.
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This indicator gives the value of volumes (contracts) as a vertical histogram. The total volume at each pip level between the high/low of a previous period (eg 1H/1D) is plotted as a series of horizontal lines at each pip level (rather like a vertical MACD). levels of low volume give remarkably good turning points. I thought there may be a proprietary one for MT4 but as MT4 uses ticks for volumes and this indicator works on contracts it could not work on MT4 anyway. I have a seen it working on sierra platform but it is an expensive feed. Does anyone know if it exists on MT5 or anywhere else with a free feed?