I need indicators

HULK

Active Member
#2
Hello,
I need the following indicator:
NVO (Normalized Volume Indicator)
Someone could provide the AFL itself. Thank you very much.

regards,
Dear Josh

NVO can be useful only in bull market (When Index / commodity / forex move up side) there is no code for Bear market when market move down side all bar show similar colour of candle.

Also in NVO there is no buy or sell call ...it show the amount of vol compared to the prev candles according to FIBO.


As per Mq4 code

Blue color means that the current volume is less than the average one for this period.

Dark green color means a small exceeding in volume as compared to the average one for this period.

Light green color means that the increase in volume has exceeded the Fibo level of 38.2% as compared to the average one for this period.

Yellow color means that the increase in volume has exceeded the Fibo level of 61.8% as compared to the average one for this period.

White (it is red in the image below not to melt into the background) color means that the increase in volume has exceeded the Fibo level of 100% as compared to the average one for this period.

As I said earlier at present code is available only for Green Market no code for Red market


HULK
 

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