Aggressive volume. The real deal? – Trading Strategy – April 9, 2024

Aggressive volume indicator This is a type of indicator rarely found in the MQL5 community as it is not based on the standard volume data provided by the Metatrader 5 platform. Every traffic tick requested on the platform should be scrutinized…

in other words, Aggressive volume indicator We request all tick data from the broker and process it to build a very special version of a volume indicator. Here the aggressiveness of buyers and sellers is displayed in histogram format.

Additionally, all of this volume data can be cross-referenced with the N period SMA (included in the indicator) and used similarly as a threshold for current volume compared to past behavior.

We hope this indicator will be helpful to those who run the Wyckoff Method, Price Action traders or those who are addicted to confirmation tools…

setting

• How many historical bars do you want to process? This will prevent you from overloading Metatrader and allow you to focus on your main goals.
• Type of volume to process: physical or ticked volume
• Do you want to display a simple moving average on your indicator?
• Simple moving average period setting
• How many seconds to periodically check for missing bars… This is necessary, since not all brokers provide ticks for Metatrader smoothly. Therefore, in this case, the indicator strengthens the load on the missing bars. Please note that this indicator may behave “strange” (incomplete bars) when the market is closed.