BETTER VOLUME

Discussion in 'MetaTrader Indicators' started by mjackson, Oct 15, 2011.

  1. emc320

    emc320 Trader

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    hello all, just joined EarnForex today. wanted to echo trade3925 interest in betterVolume candle colors.

    Attached are Sonic's (FF) candles indicator to show what I think trade3925 is asking for.
    Another example of what trade3925 is asking for is here on EarnForex but in mt5 version: https://www.earnforex.com/forum/thr...-v1-5-with-sound-and-email-alert.10290/page-5

    I agree with trade3925 in that color-coding main chart price action candles to better volume colors would be ideal because pairs like Red/Green or White/Green are easy to pick out. I've noticed on multiple time frames these usually are literally paired next to each other at tops or bottoms. The price action usually looks like a morning/ evening star but sometimes doesn't capture on candlestick pattern recognition indicators. Therefore, color-coding the main chart price action candles would help identify easier.

    The problem with trade3925's attached bettervolumeBars are that it doesn't paint wicks well. If you play with the width each color can look more obvious but it still retracts from seeing stop hunts because wicks get removed.
    If you play with color settings it still makes pinbars hard to pick out as the wicks are tough to spot.

    Thanks
     

    Attached Files:

    Enivid likes this.
  2. Enivid

    Enivid Administrator Staff Member

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    The problem with adding real candlestick display to the chart in the MT4 Better Volume indicator version is the fact that MT4 (unlike MT5) does not support candlestick drawing style for indicators.
     
  3. emc320

    emc320 Trader

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    Gotcha, bummer. Thanks for checking. Is it possible to modify trade3925's BV candle indicators to show color in the candle body only? That would leave the wicks default color like Sonic's indicator, easier to see stop hunts. I tried Sonic's but the colors are different & for different reasons.
    Not a huge deal though, in the meantime going to try mt5 demo and see how their candle indi looks.

    thanks again
     

    Attached Files:

  4. Enivid

    Enivid Administrator Staff Member

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    I could probably do it, but considering the length of my current to-do list, your best solution would be to ask someone else to make that modification or to hire some coder on Upwork/MQL5 to change that.
     
  5. emc320

    emc320 Trader

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    roger roger
     

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