BlauTVI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Check the volume indicator from the book "Momentum, Direction and Divergence" implemented in the form of a color histogram by William Blau.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
Figure 1. BlauTVI indicator
Attachment download
📎blautvi.mq5 (7.86 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #11437
BlauTVI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
BlauTVI - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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