I’m not so much into all these fancy multi-color hyper indicators. All I need is a chart and the volume indicator. If you want to ask why, I would recommend you this thread 1500 PIPS PER MONTH.
I don’t really need to know how to use MetaEditor and I don’t want to waste my time by learning all of it just for creating [B]one [/B]indicator. I think my plan would be pretty easy to accomplish for anybody who knows how to program in MetaEditor.
I need a [B]volume indicator with smooth moving avarage[/B]. Maybe with period around 14 bars. It definitely doesn’t have to be tweakable in live mode, but it should be tweakable through the source file. Do you have any idea how to accomplish this?
If this is too hard and you don’t want to waste YOUR time on my stupid indicator, maybe you could just give me a little help? Or steer me in the right direction?
I was going to study the existing Volume indicator but I can’t find the source file, therefore I don’t even know where to start.
You’d be wasting your time, you’d be making too much use of the Volume indicator, remember it’s only part of the ‘equation’ and remember that those volumes don’t represent any actual volumes, and they vary from broker to broker, so you’d really be wasting valuable time when you could be using it to learn more about the whole strategy.
Remember it’s VSA, Fib & S/R and Volume is only a part of VSA.
If you really want to satisfy your curiosity find an indicator that shows a line, then just change the value it’s calculating to Volume[i].
Are you doing this like they show it in the TradeGuider software?
You can overlay a moving average indicator into the Volume indicator window. Just drag the MA indicator from the navigator window to your volume indicator window, and then in the MA’s parameters tab, change the [B]MA Method[/B] input to “Smoothed”, and the [B]Apply to[/B] input to say “Previous Indicator’s Data”.
Actually, I was able to find the very indicator I needed in the online library for free. (I am sorry, I didn’t check that before asking). I have also find a simple indicator called VSA Text, that shows text over No Demand, Up-thurst, and so on … bars… I don’t think I will need it tho. It is pretty easy to spot a good up-thrust bar or stopping volume. I might not need that one.
Sweet Pip: Thanks a lot for your answer! I had no idea I could actually do that. You are right, I want it just like they have it in the TradeGuider software. I didn’t know it could be so easy! Now I can spot any extremes very easily.
That VSA Text indie is wrong more than it’s right. I used to have a Volume MA on my chart, but it went …along with everything else I never used to actually help me decide to enter/exit trades lol.
Yes, absolutely, take it off, learn VSA, after a few days it becomes quite easy to remember what the bars mean, and you really do need to learn it to be able to trade it profitably, the VSA text will be of no help at all, been there, done that.
:o