FXCodeBase.COM: Forex Chart Indicators and Development

This implementation, will paint the candles, in accordance with the chosen Accumulation / Distribution algorithm.

This version, overlay AD line on Price, uses normalization in an attempt to adapt two data series.

Apprentice wrote:

AD Price Overlay.png

This version, overlay AD line on Price, uses normalization in an attempt to adapt two data series.

AD Price Overlay.lua

Thanks
I wonder anyone know the formula from Larry Williams to make POIV which combine price+ volume+ open interest into a single indicator

Yet another derivation, As Difference between Price Normalized AD and Price
Created according to the request.
viewtopic.php?f=27&t=60582

The indicator was revised and updated.

Apprentice wrote:

POIV-AMIBroker-Code.png

Dear friend is it possible to code the Larry Williams POIV for mt4?

In the formula, we use open interest.
As I know, MT4 does NOT provide this data.
Do you have any third party source, approximation or substitution mind?

Apprentice wrote:In the formula, we use open interest.
As I know, MT4 does NOT provide this data.
Do you have any third party source, approximation or substitution mind?

As a matter of fact, yes! But this one is for MT5 (file attached), can you take a look and check if it is possible to use the same code to make a MT4 version? Than you can fill the Open Interest gap in the formula with this.

If possible, you could make two versions:

One with indicator in a sub window and the other which plots the indicator on top of price.

Cheers!

I found here on the forum this indi which also was supposed to use Open Interest data, you found a workaround here, perhaps you can use part of this formula if you can't use that MT5 indicator:

viewtopic.php?f=17&t=64939&p=113693#p113693