Hi guys,
Attached is a chart with the BetterVolume (the histogram) and CDRW Spread (the yellow line overlaying the histogram, which identifies the spread of each bar) indicators on it (they are attached to this post).
Note: Spread= (High - Low) of each bar.
Volume=Tick volume
Can one of these be modified to display a table somewhere on the chart, showing average spread (ie. High-Low in pips) and volume over last x bars like this.
It would be great if it could also sound an alert (visual and audible) as described below:
------------HISTORY (no. of bars)-------------Last 60---Last 50---Last 40---Last 30---Last 20---Last 10 ------- LAST BAR
-- Average Spread (in pips) : .......................5.5......... ..5.4............3.4............3.2 ............3.1.............3.6 .................8.4
-- Average Volume : ................................... 200 .........203............186........ ...175..........168............. 174 ................162
This example would show a big spread increase compared to the still low volume..... I hope you see where I am going with this ?
I would also like an alert (visual and audible) which will be triggered when either the volume or spread is significantly higher or lower than the recent averages (% difference could be set as a parameter, as could number of previous bars to compare to).
An example of this would be ....
So, an increase or decrease significantly (maybe 50% up or down from the average?) in either the spread or volume is something which could easily be ALERTED on screen via this indicator (ie. last bar action vs. previous bars "the background"). I am not suggesting this is in any way an entry alert, just something to allow us give the chart we are looking at a 'heads up'
The following alerts could be triggered - the 50% could be an input parameter to suit, as could the number of previous bars looked at:
1) LARGE SPREAD ALERT: Alert when spread is over 50% of the average of last 20 bars
2) LOW SPREAD ALERT: Alert when spread is less than 50% of average of last 20 bars
3) HIGH VOLUME ALERT: Alert when volume is over 50% of the average of last 20 bars
4) LOW VOLUME ALERT: Alert when volume is less than 50% of average of last 20 bars.
e.g. a couple of alert examples:
**** Alert: HIGH VOLUME BAR on GBPUSD ****
**** Volume 86% higher than last 20 bars avg. ***
**** Alert: LOW SPREAD BAR on EURUSD ****
**** Spread 23% of last 20 bars avg. ***
Thanks in advance,
Willowgal
Attached is a chart with the BetterVolume (the histogram) and CDRW Spread (the yellow line overlaying the histogram, which identifies the spread of each bar) indicators on it (they are attached to this post).
Note: Spread= (High - Low) of each bar.
Volume=Tick volume
Can one of these be modified to display a table somewhere on the chart, showing average spread (ie. High-Low in pips) and volume over last x bars like this.
It would be great if it could also sound an alert (visual and audible) as described below:
------------HISTORY (no. of bars)-------------Last 60---Last 50---Last 40---Last 30---Last 20---Last 10 ------- LAST BAR
-- Average Spread (in pips) : .......................5.5......... ..5.4............3.4............3.2 ............3.1.............3.6 .................8.4
-- Average Volume : ................................... 200 .........203............186........ ...175..........168............. 174 ................162
This example would show a big spread increase compared to the still low volume..... I hope you see where I am going with this ?
I would also like an alert (visual and audible) which will be triggered when either the volume or spread is significantly higher or lower than the recent averages (% difference could be set as a parameter, as could number of previous bars to compare to).
An example of this would be ....
So, an increase or decrease significantly (maybe 50% up or down from the average?) in either the spread or volume is something which could easily be ALERTED on screen via this indicator (ie. last bar action vs. previous bars "the background"). I am not suggesting this is in any way an entry alert, just something to allow us give the chart we are looking at a 'heads up'
The following alerts could be triggered - the 50% could be an input parameter to suit, as could the number of previous bars looked at:
1) LARGE SPREAD ALERT: Alert when spread is over 50% of the average of last 20 bars
2) LOW SPREAD ALERT: Alert when spread is less than 50% of average of last 20 bars
3) HIGH VOLUME ALERT: Alert when volume is over 50% of the average of last 20 bars
4) LOW VOLUME ALERT: Alert when volume is less than 50% of average of last 20 bars.
e.g. a couple of alert examples:
**** Alert: HIGH VOLUME BAR on GBPUSD ****
**** Volume 86% higher than last 20 bars avg. ***
**** Alert: LOW SPREAD BAR on EURUSD ****
**** Spread 23% of last 20 bars avg. ***
Thanks in advance,
Willowgal
Attached File(s)
BetterVolume 1.3.mq4
5 KB
|
4,026 downloads
CDRW Spread.mq4
2 KB
|
4,895 downloads