Feature Proposal: Add Capital-Weighted Price (FO) as Default Indicator Source

[Fadil Olcay]

Modern trading platforms store total traded value and total quantity for each time interval.

I propose the Capital-Weighted Price (FO):

FO = Total Transaction Value / Total Quantity

Request:

1. Display FO alongside OHLC values in candlestick panels.

2. Allow FO as default input for all technical indicators (RSI, MA, Bollinger Bands, etc.).

3. Keep Close price as an optional, selectable source.

Why:

• Close only shows the last trade; FO reflects capital concentration.

• Enhances analytical clarity without changing existing standards.

• Implementation is calculation-layer based using existing data.

This is not a replacement of traditional references but a practical upgrade for modern digital trading systems.

Thank you for reviewing this proposal.

— Fadıl Olcay

[Stanislav Korotky]

You can build it as a custom indicator, and then pass it as input for other indicators. I don't think you can expect that MQ will add it as a built-in feature, because MQL5 is designed specifically to fulfill such custom requirements.

As a starting point you can look at the indicator UseM1MA from the algotrading book. It shows an approximate density of prices on each bar using underlying M1 bars. If you want higher accuracy, you should process ticks instead of M1 bars. Again, you can take an example of indicator from the book - namely SymbolBidAskChart - to use as starting point for processing ticks of each bar and calculation (total volume / total count) of ticks for displaying as appropriate.

[Osmar Sandoval Espinosa]

I think this like a volume indicator?

Something that depicts the moments in where the market over or under valued?

What are your non thecnical fundaments about this? Perhaps something that you read, a conclusion or a inference, etc...

Would love to read more about this idea.