Re: Pascal Willain Effective Volume
Posted:
Sun Dec 23, 2018 9:18 amby logicgate
I found the code for this indi where the guy says we worked with Pascal himself to create it, so I think it is worth taking a look to see if it's the same thing that in the one I posted and you updated it, perhaps it is more refined, who knows?
here it goes:
http://www.ta-script.com/forum/viewtopi ... ive+volume
Re: Pascal Willain Effective Volume
Posted:
Sun Dec 23, 2018 1:24 pmby logicgate
Another version of this that can be used in conjunction is called Effective Ratio.
It is the Large Players Effective Volume divided by the total volume. So you take only the LEV output from the indi (do not include the small players EV).
Effective Ratio = EMA(250)( LEV(i) / Volume(i) ) M1 charts
250 = one day
I think it would be better if we could choose the EMA period in the indi settings.
Re: Pascal Willain Effective Volume
Posted:
Sun Dec 23, 2018 1:59 pmby logicgate
You can have two versions of the Effective Volume Ratio.
The Large Effective Volume Ratio and the Total Effective Volume Ratio (which is the sum of large and small EV).
The LEV Ratio is used for buying.
The Total EV Ratio is used for shorting or exiting long position.
Re: Pascal Willain Effective Volume
Posted:
Mon Dec 24, 2018 6:27 amby Apprentice
AbsoluteValue option added.
Re: Pascal Willain Effective Volume
Posted:
Mon Dec 24, 2018 6:52 amby Apprentice
Your request is added to the development list under Id Number 4387
Re: Pascal Willain Effective Volume
Posted:
Tue Dec 25, 2018 8:06 amby logicgate
Apprentice wrote:Something like this.
Still have to revise it.
Effective Volume.mq4
Is this the Ratio version?
Pascal Willain Effective Volume.mq4