Price Weighted Tick Volume

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Price Weighted Tick Volume

Postby logicgate » Fri Aug 09, 2019 10:45 am

Hi dear friend Apprentice, can you please code this indicator for MT4?

Here is the formula:

Tick Volume / Money Flow = Cumulative Sum (Tick Price x Uptick's Volume) - Cumulative Sum (Tick Price x Downtick's Volume)


Can you add an option to choose if you want the indicator to be plotted as a line or histogram?

Thanks!
logicgate
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Re: Price Weighted Tick Volume

Postby logicgate » Fri Aug 09, 2019 4:39 pm

Also an option to display it as OHLC bars too!
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Re: Price Weighted Tick Volume

Postby Apprentice » Fri Aug 09, 2019 5:08 pm

Unfortunately, Uptick's Volume and Downtick's Volume are not available.
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Re: Price Weighted Tick Volume

Postby logicgate » Fri Aug 09, 2019 8:43 pm

Apprentice wrote:Unfortunately, Uptick's Volume and Downtick's Volume are not available.



Can you use the code from this indicator attached here as a starting point? Somehow they figure how to separate up ticks and down ticks.
Attachments
TicksSeparateVolume.mq4
(4.39 KiB) Downloaded 36 times
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Re: Price Weighted Tick Volume

Postby Apprentice » Sat Aug 10, 2019 4:42 am

Actual data was not used, They use this formula.
UpTicks[i]=(Volume[i]+(Close[i]-Open[i])
DownTicks[i]=Volume[i]-UpTicks[i];
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Re: Price Weighted Tick Volume

Postby Apprentice » Sat Aug 10, 2019 6:34 am

Up Down Tick.mq4
(5.3 KiB) Downloaded 39 times

Re-writen version of posted indicator.
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Re: Price Weighted Tick Volume

Postby logicgate » Sat Oct 05, 2019 8:07 am

Apprentice wrote:
Up Down Tick.mq4

Re-writen version of posted indicator.


Hello dear friend. Can you add an option to this indi to combine the values? So you subtract the up tick from the down tick and plot it cumulatively. Thanks
logicgate
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Re: Price Weighted Tick Volume

Postby Apprentice » Wed Oct 09, 2019 11:14 am

Your request is added to the development list.
Development reference 167.
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Re: Price Weighted Tick Volume

Postby logicgate » Wed Oct 09, 2019 4:48 pm

Apprentice wrote:Your request is added to the development list.
Development reference 167.


Thanks, give it the ability to choose the timeframe too!
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