El’s Better Volume

El’s Better Volume

Hi all

Thought id share my Better Volume indicator to contribute something to the site 🙂 this is my solution to a problem as i felt other better volume indicators out there were over complicating the problem. I used a few MA’s and the built in RANGE() to clean it up.

A link about ‘Better Volume’ and how to interpret it…
http://emini-watch.com/free-stuff/volume-indicator/

You may need to change the colours around for better visability on your background. Feel free to mod it asyou like.

El

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Tarquin • 03/10/2016 #

    Hi,
    Thanks for posting this, I downloaded your first version of Better Volume and it works really well. So I tried loading your second version when I saw the link and although the file is described as my-better-volume-2.itf it only downloads as my-better-volume-1.itf. Am I doing something wrong, or is it possible the link on your post contains the previous file and not the new one?
    Kind Regards,
    Tony

  2. El Chupacabra • 03/10/2016 #

    Hi Tony, just seen your message. TBH I haven’t made a version 2!, maybe the moderator has done? Its a bit of a funny system on here you cant just add your own indicators and stuff without it going through a moderator first. Here is the code im using mate, keep it simple :)….
    // Variables to add:
    // Label in Program = \"vMA\", Label in properties window = \"Volume Moving Average\", Type = int, Default = \"50\"
    // Label in Program = \"vPercentLower\", Label in properties window = \"Low Volume %\", Type = int, Default = \"50\"
    // Label in Program = \"vPercentHigerr\", Label in properties window = \"High Volume %\", Type = int, Default = \"80\"
    // Label in Program = \"BarRanger\", Label in properties window = \"Bar Range\", Type = int, Default = \"50\"

    //Change all indicator styles to \"Histogram\" apart from teh two volume moving averages : LowVolume, HighVolume ..... keep them as lines or make them invisable

    VolumeMA = Average[vMA](VOLUME)

    LowVolume = (VolumeMA - ((VolumeMA * vPercentLower) / 100))
    HighVolume = (VolumeMA + ((VolumeMA * vPercentHigher) / 100))

    Vol = VOLUME
    ONCE HVLRU = 0
    ONCE HVLRD = 0
    ONCE HVHRU = 0
    ONCE HVHRD = 0
    ONCE LVLR = 0
    ONCE LVHR = 0

    c1 = VOLUME > HighVolume AND RANGE < Average[BarRange](RANGE) AND CLOSE > OPEN
    IF c1 THEN
    HVLRU = VOLUME
    Vol = 0
    ELSE
    HVLRU = 0
    ENDIF

    c2 = VOLUME > HighVolume AND RANGE < Average[BarRange](RANGE) AND CLOSE < OPEN
    IF c2 THEN
    HVLRD = VOLUME
    Vol = 0
    ELSE
    HVLRD = 0
    ENDIF

    c3 = VOLUME > HighVolume AND RANGE > Average[BarRange](RANGE) AND CLOSE > OPEN
    IF c3 THEN
    HVHRU = VOLUME
    Vol = 0
    ELSE
    HVHRU = 0
    ENDIF

    c4 = VOLUME > HighVolume AND RANGE > Average[BarRange](RANGE) AND CLOSE < OPEN
    IF c4 THEN
    HVHRD = VOLUME
    Vol = 0
    ELSE
    HVHRD = 0
    ENDIF

    c5 = VOLUME < LowVolume AND RANGE < Average[BarRange](RANGE)
    IF c5 THEN
    LVLR = VOLUME
    Vol = 0
    ELSE
    LVLR = 0
    ENDIF

    c6 = VOLUME < LowVolume AND RANGE > Average[BarRange](RANGE)
    IF c6 THEN
    LVHR = VOLUME
    Vol = 0
    ELSE
    LVHR = 0
    ENDIF

    RETURN Vol COLOURED (153,153,153) AS \"Normal Volume\", HVLRU COLOURED (46,139,87) AS \"High Volume Low Range UP\", HVLRD COLOURED (178,34,34) AS \"High Volume Low Range Down\", HVHRU COLOURED (248,248,255) AS \"High Volume High Range Up Bar\", HVHRD COLOURED (0,0,0) AS \"High Volume High Range Down Bar\", LVLR COLOURED (160,32,240) AS \"Low Volume Low Range\", LVHR COLOURED (255,165,0) AS \"Low Volume High Range\", HighVolume COLOURED (216,191,216) AS \"High Vol MA\", LowVolume COLOURED (216,191,216) AS \"Low Vol MA\"

     

avatar
Register or

Likes

avatar avatar avatar avatar avatar
Related users ' posts
flodefacebook Merci Nicolas pour cet indicateur. Très utile dans une technique de retournement.
HeikinAshi thank you for this very interesting indicator Nicolas! did you define a tradable setup fo...
mahdi how can I import itf file into mt4? please help
Nicolas That code is not for MT4, we do not offer free assistance for this platform, but you can ask...
guinsu2000 hello could you share your copy in a pdf or where you whant please ?
ERICM en copiant collant : erreur de syntaxe apparaît le popup demande de définir length1, length2...
Nicolas En téléchargeant le fichier itf et import dans la plateforme, vous n'aurez pas ces problèmes.
Bateson Bonjour Nicolas un grand merci pour ce travail que je souhaiterai faire évoluer. Je n'arrive...
gblast I added this indicator to my pro real time but its not showing up on my candles. Its invisible
BERTJES82 Hi Nicolas, is it possible to adjust the starting date of the VWAP on the charts? Thanks in ...
Nicolas Yes, have a look there: https://www.prorealcode.com/prorealtime-indicators/vwap-date-anchored/
Dadoo Merci Nicolas!
avatar
Anonymous Thanks for sharing! On the other hand can we remove the vertical gray lines?
ShaunG Appreciated! Thanks 100%
tonbijl good afternoon when i enter the code i get an error message Syntax error
Steven Bahia Hi Nicolas - great indicator - is there a way to place a alert when the Oscillator crosses ...
Nicolas Alerts can't be programmed, you have to set them yourself with the Alert tool of the platfor...
Steven Bahia just to add to this would there be a way to establish a entry price from the Oscillator
juanj Hi Nicolas, this is very interesting. Do you mind maybe providing some more information on h...
avatar
fabioerliam Hi Nicolas...I don't know where to post my request.....sorry!!!! Can you tell me in a gener...
Nicolas Hi, please post your question in the ProOrder section of the forum.
leonz007 Hi Despair, dont know why after import and add your indicator, it does not go on to the pric...
Nicolas Apply it on the price chart with the wrench at the left upper side of the price chart.
Sydneyhom Hi Despair Thanks for writing the code and for generously making it available to the public...
Nicolas Your PRT version is inferior to 10.3? So the code in its default state is not compatible. A ...
Mbulelo Hi Nicolas Hope all is well your side, do you have a specific strategy for the MFT Swing ...
Nicolas No I don't, try to make it on your own, or ask in forums (follow the posting rules please).
christophe11560 salut gabri, Je n'ai pas de commentaire sur "s*s", c'est ton choix personnel. Je me posais...
gabri Hi, the SQRT(254) it is used to annualize the value. In terms of the "s*s" I just used the s...
christophe11560 Merci pour ton retour
Khaled Thanks, but if I may ask what's EMA Period? The price which reverses the EMA[20] is not the ...
Francesco78 EMA is not a moving average, it is just the name we called the quantity defined above
Khaled My bad. Thank you so much!
Abz Thanks gabri
Mattzi In your opinion is less than 20 stocks a bad idea? Thank you.
gabri No, you can pick as many or as little as you want. The portfolio composition depends on many...
xel Hi! I found myself that the indicator posted here contain an error, I want to edit or fix i...
marinober Ciao. avrei necessitĂ  di usare questo indicatore in intraday . Dovrei poter dare un prezzo d...
Wing Not yet but I plan to.
Leo Have a look in this Forum, I got something interesting for you... https://www.prorealcode.co...
Dávid Gyalus Dear Wing, As I am a daytrader, and one of my best friend is a programmer we think your a...
Mr_Balagan Bonjour, j'ai quelques questions concernant cette combinaison d'indicateurs qui à l'air inté...
larouedegann STE : Fonction statistique "erreur standard" de séries temporelles de N périodes pour le pri...
Mr_Balagan Merci pour ces informations précieuses larouedegann. J'y vois plus clair. Encore joli boulot
Jan Wind Thanks for the indicator. Seems to indicate the start of the short term trend quite well, ...
alex Im looking for a entry when EpicMA crosses over/under trigger. Then look for exits when Epic...

Top