Time Segmented Volume (TSV) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator is based on the original " Time Segmented Volume (TSV) " developed by Worden Brothers . However, I added a few extra features to this.
One can choose which price to apply instead of just using the default closing price of the original price.
One can also choose which volume weighting to use, including pseudo-volume based on true ranges, or no volume weighting at all.
The indicator displays two moving averages, one of which is the default simple moving average as the original and the other is an exponential moving average that reacts faster.
The code uses conditional compilation and will be compiled on MQL4 and MQL5.
Please note that the source code for all my codebase publications is now also available in the "Public Projects" tab with the meta-editor name "FMIC".
Attachment download
📎 time_segmented_volume.mq5 (15.16 KB)
Source: MQL5 #42000
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