Average volume on the legs

 

Hi,

I have found on this forum Indraws Volume Analysis indicator that show the sum of the volume on the legs.

What I'd like to do is to modificate this indicator ( or to find a new indicator) for having an indicator that calculate the average volume on the legs.

Someone can help me to do this ?

Thanks very much

P.S. 1: for use Indraws you have to install also Swing Point

PS. 2 : I have attached 2 charts : the second shows the indicator, while the first shows what I am searching.

I have modified the first with Point.net for giving a better idea of what I'd like to have : a Hist che shows only the average volume

P.S. 3 : This is what I intend for :

- Swing: A high or low where the price of a stock, index, or other issue

changes direction.

- Leg: The distance between two swings.

 

Hi,

For explain me better, here is a new chart and :

the indicator count : volume first bar of the leg + volume second bar + volume third bar + ... and so on ...... and display the sum

what I am interested to is that the indicator show an unique valor for the leg :

( volume first bar of the leg + volume second bar + volume third bar )/3

It's possible or is too complicate ?

Files:
volume4.jpg  177 kb
 

If you ask yourself because I want Know the average volume of the legs, here 3 charts that I Found on internet :

Files:
volume8.gif  24 kb
volume7.gif  23 kb
volume6.gif  24 kb
 

Volume Based indicators

hi,

test these 3 modified indies,

put them in indicator folder of Mt4

OTR

 
OnTheRoad:
hi,

test these 3 modified indies,

put them in indicator folder of Mt4

OTR

Hi,

very thanks for the indicators.

If I understand well, the 3_Level_ZZ_Semafor_volcano_b last value is the average volume of the leg.

It's exactly what i Wanted

Files:
primo5.gif  41 kb
 

How do you get the numbers to appear in the volcano b indicator panel ?

Reason: