XFisher_org_v1_Vol - MetaTrader 5 Script - MT4/MT5 Resources

This XFisher_org_v1 uses volume as an oscillator implemented for color histograms

Calculation formula:

For perfectly understandable reasons, the same formula should be used to recalculate overbought and oversold levels in such modified oscillators. In the final version, these levels are no longer permanent.

 Enter integer high level = + 150 ; // Overbought level
Enter integer low level 1 = - 150 ; // oversold level

In the indicator input parameters, these levels are expressed as the levels of the source Fisher_org_v1 indicator multiplied by 100, and then these levels are multiplied at each indicator tick by the volume smoothed according to the same formula.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is detailed in the article.

Figure 1. XFisher_org_v1_Vol indicator

Attachment download

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 XFisher_org_v1_Vol.mq5 (26.59 KB)

Source: MQL5 #23182