FXCodeBase.COM: Forex Chart Indicators and Development

The Cumulative Volume Index ("CVI") is a market momentum indicator that shows whether money is flowing into or out of the stock market. It is calculated by subtracting the volume of declining stocks from the volume of advancing stocks, and then adding this value to a running total.

CVI = Prev CVI + Advancing Volume - Declining Volume

Forex implementation is faced with certain problems.
The absence of the classic Volume, lack of common denominator.
I have walked around this problem by offering a choice of Base Currency.
For selected base currency, CVI is calculated for all the currency pairs that have selected currency.


MQ4/MT4 version
viewtopic.php?f=38&t=67145&p=122720#p122720

Advancing volume is the total volume for all securities that advanced in price. Declining volume is the total volume for all securities that declined in price. And similarly, unchanged volume is the total volume for all securities that were unchanged in price.
All calculation is based on the Base Currency.

ADVANCING-DECLINING ISSUES is difference between the number of advancing and declining issues.

ADVANCING-DECLINING RATIO is ratio between the number of advancing and declining issues.

If possible, could you give some hints to apply those for trading ?

Unfortunately i can not be of much help.
As you know, usually I do not use indicators in my trading.

As I understand it, CVI can be used for detection of major turning points.
Techniques like divergence can be used.

Which trading platform did you use to get the CVI indicator ? I dont recognize it.

I have used, FXCM Trade Station 2, MarketScope Charting Package.

The indicator was revised and updated.

Would you be so kind to compile a MT4 version please??

Your request is added to the development list under Id Number 4354