Technical Indicators for MetaTrader 4

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MetaTrader 4

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Information

Indicators
MetaTrader 4
Vitalyi Belyh
1.20
10

Overview

A technical indicator that calculates its readings based on trading volumes. It has an oscillatory line that follows the change in volumes.
Large arrows on the line indicate reversal values. A channel is built around the line with small arrows showing the strengthening of price movement in the direction of increasing volumes.
  • The indicator does not redraw values. Works on any instrument and timeframe.
  • It can complement any trading strategy by finding a trend or make entries in the direction of another trend indicator.
Input parameters
  1. Volume calculation period - Number of candles for average volume calculation.
  2. Reinforced direction arrows - A parameter that enhances smoothing of price movement arrows
  3. Play sound / Display pop - up message / Send push notification / Send email (true / false) - Use notifications when a reversal signal appears. (On the next candlestick after the big arrow)
  4. Sound file signal - Path to the sound file
  5. Number Bars - The number of indicator bars on the chart.

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