is there an mq4 of the v1 version as these are different indies?Jimmy wrote: Thu Apr 25, 2019 8:30 pm Volume Reversal Hook indicator for MT4
This is the Volume Reversal Hook which was optimized by Mladen and posted some time ago but it also requires an additional file in your indicator directory for it to work so I've included all of the files below.
Please ensure both files are downloaded.
Re: Volume Indicators for MT4
832
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Re: Volume Indicators for MT4
833Hello dear @kvak. PVI& NVI are considered good volume based indicators specially when used together. NVI is used to reveal the smart money's plan because it can show if an underlying bullishness or bearishness is happening. PVI is used to see when the smart money comes out of the shadows and joins the crowd. I would love to know If you or @mrtools have worked on these two indicators before. Anyway, do you think its possible to replace OBV with NVI & PVI values and make a new indicator similar to this amazing indicator or any other Obv based indicators you see fit? Many thanks in advance.kvak wrote: Wed Mar 27, 2024 10:32 am Hello.
Better to quote me directly, sometimes I missed post for me.
If I understand correctly, test this version with arrows/alerts on entry/exit levels.
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Re: Volume Indicators for MT4
834I added NVI and PVI calculation in the indicator for test....ixion700 wrote: Sun Apr 14, 2024 3:36 am Hello dear @kvak. PVI& NVI are considered good volume based indicators specially when used together. NVI is used to reveal the smart money's plan because it can show if an underlying bullishness or bearishness is happening. PVI is used to see when the smart money comes out of the shadows and joins the crowd. I would love to know If you or @mrtools have worked on these two indicators before. Anyway, do you think its possible to replace OBV with NVI & PVI values and make a new indicator similar to this amazing indicator or any other Obv based indicators you see fit? Many thanks in advance.
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Re: Volume Indicators for MT4
835In the pictures attached I tried to use 3 stacks of it to filter the signals made by mrtool's new Rsi ma. The first and the second instances are OBV and PVI, the third one is NVI. For the result, no need to a comment... If there are eyes they can see! When you have time give the average pack an update please, a BTN would also be very appreciated. My sincerest thanks for this amazing hell of an indicator.
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Re: Volume Indicators for MT4
836On Balance Volume (Normalized) with PVI + NVIixion700 wrote: Tue Apr 16, 2024 2:36 am In the pictures attached I tried to use 3 stacks of it to filter the signals made by mrtool's new Rsi ma. The first and the second instances are OBV and PVI, the third one is NVI. For the result, no need to a comment... If there are eyes they can see! When you have time give the average pack an update please, a BTN would also be very appreciated. My sincerest thanks for this amazing hell of an indicator.
.... button added...
To recap:
- This version of the OBV also comes with PVI (Positive Volume Index) & NVI (Negative Volume Index) options
- Is Normalized which adds levels that give the indicator boundaries for gauging Oversold and Overbought areas
- Includes 5 OBV calculation types:
- Original
- Alternative 1 (using higher timeframes for smoothing version 1)
- Alternative 2 (using higher timeframes for smoothing version 2)
- PVI (Positive Volume Index)
- NVI (Negative Volume Index)
Positive Volume Index (PVI) is used in conjunction with the Negative Volume Index (NVI) to identify bull and bear markets.
- Positive Volume Index is calculated based on price movements on periods with increased volume.
- Negative Volume Index focuses on periods where the volume decreases from the previous period.
- When the NVI or PVI is above its 255-period moving average this is considered a Bull Market.
- When the NVI or PVI is below it's 255-period moving average this is considered a Bear Market.
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Re: Volume Indicators for MT4
839Added pvi and nvi to the stochastic version.ixion700 wrote: Tue Apr 16, 2024 2:36 am In the pictures attached I tried to use 3 stacks of it to filter the signals made by mrtool's new Rsi ma. The first and the second instances are OBV and PVI, the third one is NVI. For the result, no need to a comment... If there are eyes they can see! When you have time give the average pack an update please, a BTN would also be very appreciated. My sincerest thanks for this amazing hell of an indicator.
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Re: Volume Indicators for MT4
840Should be pretty close to the mt5 version, since mt4 doesn't have a built-in fill had to use a histogram type fill, but still kinda close.Mickey Abi wrote: Fri Apr 26, 2024 3:08 pm This volume with hull looks very good .. ..
Is there a MT4 version of the Cor Volume Indi ?
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