FVE - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The Finite Volume Element Oscillator (FVE) is an indicator of money flow movements.

It was developed by Markos Katsanos and published in April 2003 in the magazine Technical Analysis of Stocks and Commodities.

Values ​​above zero are bullish and indicate accumulation, while values ​​below zero indicate distributions.

Divergence between price and indicator lines may indicate a possible change in trend.

This indicator has four configuration parameters:

 FVE = 100.0 * SMA(VE) / SMA(Volume)
Signal = MA(FVE)
VE = V * Volume MA - Moving Average and Signal Line Periods and Methods SMA - Simple Moving Average with FVE Period
if MF > cutoff,
V = 1,
If MF < -Cutoff
V = -1
MF = closing price - (highest price + lowest price) / 2.0 + highest price + lowest price + closing price - previous highest price - previous lowest price - previous closing price
Cutoff = 0.1 * (Vintra+Vinter) * Closing Vintra = Standard Deviation (Intra)
Winter = standard deviation (Inter Milan)
Intra = LOG(HIGH) - LOG(LOW)
Inter = LOG((highest price + lowest price + closing price) / 3.0) - LOG((previous highest price + previous lowest price + previous closing price) / 3.0)
 Attachment download
 📎 fve.mq5 (22.53 KB)
 Source: MQL5 #20980