#property link “ Ian Venner - SDC - Trader’s profile - MQL5. Please clarify your specific problem or provide additional details to highlight exactly what you need. #property copyright “Copyright 2014, SDC” what is the meaning of Volume 0<1 how can I know the new candle in mql4 is starting what is the volume amount of the starting candle ( starting candle means candle 0) which of the following codes is true a) volume 00. VOLUME(i) is the volume of the current bar.EA code is for MT4 I have no idea what VSA is. OBV(i-1) is the indicator value of the previous period OBV(i) is the indicator value of the current period If todays close is equal to yesterdays close then: OBV(i) = OBV(i-1) If todays close is less than yesterdays close then: OBV(i) = OBV(i-1)-VOLUME(i) If todays close is greater than yesterdays close then: OBV(i) = OBV(i-1)+VOLUME(i) Positions should be held until the trend changes. Likewise, investors should sell short when the OBV makes a downside breakout. Since OBV breakouts normally precede price breakouts, investors should buy long on On Balance Volume upside breakouts. When the OBV changes to a rising or falling trend, a "breakout" has occurred. Thus, if the security changes from a rising trend to a doubtful trend and remains doubtful for only two days before changing back to a rising trend, the On Balance Volume is considered to have always been in a rising trend. The second way the OBV trend can be broken is if the trend changes to a doubtful trend and remains doubtful for more than three days. The first occurs when the trend changes from a rising trend to a falling trend, or from a falling trend to a rising trend. There are two ways in which the On Balance Volume trend can be broken. Once a trend is established, it remains in force until it is broken. amount of such ticks is called volume in mt4. When copying the yet unknown amount of data, it is recommended to use dynamic array as a. The elements ordering of the copied data is from present to the past, i.e., starting position of 0 means the current bar. When the OBV is moving sideways and is not making successive highs and lows, it is in a doubtful trend. each time bid or ask changes - a new tick is generated and sent to your client mt4. Gets history data of MqlRates structure of a specified symbol-period in specified quantity into the ratesarray array. Detailed explanation of iCustom - MQL4 forum. Likewise, the On Balance Volume is in a falling trend when each successive peak is lower than the previous peak and each successive trough is lower than the previous trough. You need to find out which buffer index corresponds to which color, either by looking at the code or by printing iCustom values. The OBV is in a rising trend when each new peak is higher than the previous peak and each new trough is higher than the previous trough. Non-confirmations can occur at bull market tops (when the security rises without, or before, the OBV) or at bear market bottoms (when the security falls without, or before, the On Balance Volume Technical Indicator). If the securitys price movement precedes OBV movement, a "non-confirmation" has occurred. When the public then moves into the security, both the security and the On Balance Volume will surge ahead. You can gain access to this folder by clicking the top menu options, that goes as follows: File > Open Data Folder > MQL4 > Indicators (paste here). The theory is that smart money can be seen flowing into the security by a rising OBV. Copy and paste the trading-volume-indicator.mq4 or trading-volume-indicator.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform. The basic assumption, regarding On Balance Volume analysis, is that OBV changes precede price changes. When the security closes lower than the previous close, all of the days volume is considered down-volume. Code is checking candles with low volume on several pairs at same time and counting (adding) that in variable mMinCandleCount. But looks to me that iVolume is not working correctly Or maybe I have problem in my code. When the security closes higher than the previous close, all of the days volume is considered up-volume. I have created very simple indicator where I am using iVolume function. The indicator, which Joseph Granville came up with, is pretty simple. On Balance Volume Technical Indicator (OBV) is a momentum technical indicator that relates volume to price change.
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