MTF VOLUME BREAKOUT HISTOGRAM INDICATOR

[rose123]

Hi apprentice ,

May I request following MTF VOLUME BREAKOUT INDICATOR based on following indicator

https://fxcodebase.com/code/viewtopic.p ... it=Support

Indicator parameters:

Indicator name: Support and resistance

Rt bars:15
Left bars:15
Volume thresh :20

Volume Average calculation period: 7

Time frames: H1,H4,D1

For H1:

IF VOLUME > AVERAGE VOLUME FOR LAST 7 CANDLES AND PRICE > RESISTANCE AND PRICE > SUPPORT
THEN CREDIT POINT FOR H1 [A] =+1

IF VOLUME > AVERAGE VOLUME FOR LAST 7 CANDLES AND PRICE < RESISTANCE AND PRICE < SUPPORT
THEN CREDIT POINT FOR H1 [A] =-1

Other wise A=0

For H4:

IF VOLUME > AVERAGE VOLUME FOR LAST 7 CANDLES AND PRICE > RESISTANCE AND PRICE > SUPPORT
THEN CREDIT POINT FOR H4 ---B=+1

IF VOLUME > AVERAGE VOLUME FOR LAST 7 CANDLES AND PRICE < RESISTANCE AND PRICE < SUPPORT
THEN CREDIT POINT FOR H4----B=-1

Other wise B= 0

FOR D1:

IF VOLUME > AVERAGE VOLUME FOR LAST 7 CANDLES AND PRICE > RESISTANCE AND PRICE > SUPPORT
THEN CREDIT POINT FOR D1 [C] =+1

IF VOLUME > AVERAGE VOLUME FOR LAST 7 CANDLES AND PRICE < RESISTANCE AND PRICE < SUPPORT
THEN CREDIT POINT FOR D1 [C] =-1

Other wise C=0

HISTOGRAM VALUE is A+B+C

Thank u.

[Apprentice]

We have added your request to the development list.
Development reference 816.

[Apprentice]

Try this version.
https://fxcodebase.com/code/viewtopic.p ... 4&p=142988