Relative_Volume_Indicator

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Re: Relative_Volume_Indicator

Postby logicgate » Sun Feb 07, 2021 3:12 pm

hi there dear friend,

Can we have a Relative Volume Indicator for MT5 please?
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Re: Relative_Volume_Indicator

Postby logicgate » Sun Feb 07, 2021 3:16 pm

Complementing my previous message:

I don´t know the formula you used in this one, but if you could take a look here:

https://stockbeep.com/how-to-calculate- ... ay-trading


It also explains how to do it properly for use it intraday.

So in the MT5 version we could have the option in the indicator settings:

Intraday - True/False

If set to "false", then we should use the indicator in higher timeframes (daily, weekly), if set to "true", then obviously use the intraday version as explained in the link provided.
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Re: Relative_Volume_Indicator

Postby Apprentice » Sun Feb 07, 2021 6:28 pm

Your request is added to the development list.
Development reference 164.
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Re: Relative_Volume_Indicator

Postby MarketMage » Sat Feb 13, 2021 12:14 pm

Was this ever developed? Cant find an MT4 relative volume indicator anywhere. Thank you!
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Re: Relative_Volume_Indicator

Postby Apprentice » Tue May 11, 2021 3:42 am

Capture.PNG

Relative_volume.mq5
(4.05 KiB) Downloaded 198 times

Try this version.
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Re: Relative_Volume_Indicator

Postby logicgate » Tue May 11, 2021 5:15 am

Hi there dear friend, I tested here and it doesn´t look anything like the MT4 version screeenshot you posted on OP.

This data is better interpreted with a histogram.
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