OHLC_Volume - MetaTrader 5 Script - MQL5 #23110 - MT4/MT5 Resources
The OHLC volume indicator divides the volume into two threads based on the open/high/low/close of each bar.
There are no input parameters.
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
Attachment download
📎 ohlc_volume.mq5 (6.97 KB)
Source: MQL5 #23110
OHLC_Volume - MetaTrader 5 Script - MQL5 #23110 Usage and Filtering Advice
OHLC_Volume - MetaTrader 5 Script - MQL5 #23110 is a resource related to foreign exchange indicators. 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 only on titles or short-term profit descriptions.
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