Indicators: Volume Average
igorlpmartins:
Here's what you need https://www.mql5.com/en/docs/indicators/icustom
Dear,
I would like to know the code for including the code in an EA using the iCustom() function?
Thank you
Igor
Documentação sobre MQL5: Indicadores Técnicos / iCustom
- www.mql5.com
[in] O nome do símbolo de segurança, os dados que devem ser usados para calcular o indicador. O valor NULL significa o símbolo atual. [in] O nome do indicador personalizado, com o caminho relativo ao diretório raiz de indicadores (MQL5\Indicators\). Se um indicador está localizado em um subdiretório, por exemplo, em MQL5/Indicadores/ [in]...
Congratulations on the indicator! The big balcony of this gauge is the coloring. Put her in the candles that will be wonderful. Can you do it?
What is the concept behind the different colours of the volume bars?
Hi, do you have same indicator for MT4?
Thanks
HI
Does anyone know How can I use this indicator for an EA ?
thanks
Hi All,
I like the look of this indicator but cant seem to make it work in an EA?
Hello
Does anyone know what the colours represent?
Kindly share please.
Thank you
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Volume Average:
Long known volume analysis method.
In capital markets, volume, or trading volume, is the amount (total number) of a security (or a given set of securities, or an entire market) that was traded during a given period of time. In the context of a single stock trading on a stock exchange, the volume is commonly reported as the number of shares that changed hands during a given day. The transactions are measured on stocks, bonds, options contracts, futures contracts and commodities. The average volume of a security over a longer period of time is the total amount traded in that period, divided by the length of the period. Therefore, the unit of measurement for average volume is shares per unit of time, typically per trading day.
Trading volume is usually higher when the price of a security is changing. News about a company's financial status, products, or plans, whether positive or negative, will usually result in a temporary increase in the trade volume of its stock. Shifts in trade volume can make observed price movements more significant. Higher volume for a stock is an indicator of higher liquidity in the market. For institutional investors who wish to sell a large number of shares of a certain stock, lower liquidity will force them to sell the stock slowly over a longer period of time, to avoid losses due to slippage.
With MetaTrader 5 now you can chose if the volume used is going to be tick volumes or real volumes. Percentage breakouts compared to average volume are marked with different colors.
Author: Mladen Rakic