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Indicatori

Relative Volume - intraday volume against the same time of day - indicatore per MetaTrader 5

Valerio Sgro'
Valerio Sgro'

Valerio Sgro'

17 codici 1 commento
Visualizzazioni:
7
Pubblicato:
Scarica come ZIP Come scaricare il codice da MetaEditor
Freelance MQL5 Hai bisogno di un robot o indicatore basato su questo codice? Ordinalo su Freelance Vai a Freelance

RelativeVolume compares the tick volume of each intraday bar with the average tick volume of the same time slot over the previous N days. A value of 1.0 is normal activity, 2.0 is twice the usual volume at that time of day. Bars above the first threshold are orange, bars above the second threshold are red.


Inputs: number of days averaged, two highlight thresholds, bars to draw.


Notes:

- Intraday timeframes only (M1 to H4)

- It uses tick volume, which is the only volume available on most CFD brokers

- Useful on stock indices to see when the market wakes up and when the volume is unusual

- It is an information tool, not a trading system: it does not promise any profit


How to use: copy RelativeVolume.mq5 into MQL5\Indicators (File - Open Data Folder), compile it in MetaEditor and drag it onto an intraday chart. M5 is a good choice.

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