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OHLC_Volume_Histo - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

author EAcpu | 4 reads | 0 comments |

OHLC_Volume_Histo - indicator for MetaTrader 5

OHLC_Volume_Histo - indicator for MetaTrader 5

OHLC volume histogram shows the difference between the two streams OHLC volume volume indicator as a colored histogram.

There are no input parameters.

Histogram = StreamUP - StreamDN

StreamUP = volume * UP_Coeff / (UP_Coeff+DN_Coeff)
StreamDN = volume * DN_Coeff / (UP_Coeff+DN_Coeff)

UP_Coeff = open higher
DN_Coeff = closing low

Volume - tick volume

OHLC_Volume_Histo - indicator for MetaTrader 5

Figure 1. OHLC volume histogram

OHLC_Volume_Histo - indicator for MetaTrader 5

Figure 2. OHLC volume histogram + OHLC volume


Attachment download

📎 ohlc_volume_histo.mq5 (7.62 KB)

Source: MQL5 #23111

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