The Relative Volume indicator identifies high/low volume bars by comparing current volume against the average volume over the same period during the preceding n days/weeks. This information can be used to run breakout strategies when cumulated relative volume is above average and countertrend strategies when cumulated relative volume is low.
For example: Plot the Relative Volume on a 15 min chart with default settings - 20 weeks referenced. Lets say the current bar has a time stamp of Tuesday, 2:00 PM. The indicator will then calculate the average volume of the last 20 bars on Tuesday 1:45 - 2:00 PM, and compare the volume of the current bar to that average. The cumulated ratio compares the cumulated trading volume of the current day to the average of the cumulated trading volume of the prior 20 Tuesdays up to 2:00 PM.
Compost Activator Formula
Might and magic heroes vi.exe ubiorbitapi_r2_loader.dll. Learn more about How to use gann hilo activator #2 GANN HiLo Activator MT4 Forex Strategies & Systems Revealed May 6, 2008. Hello everyone, Today we will look at GANN HiLo Activator — another custom indicator for Metatrader 4 Platform. I’ll show you the ways to use it. Gann HiLo activator bars. September 27, 2012 in.
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The Relative Ranges indicator uses the same architecture as the Relative Volume indicator, but the logic is applied to ranges. It measures the range of a fixed period bar against the average range over the same period during the preceding n days and can be used to assess average volatility.
On Metatrader platform I use Gann HiLo Activator indicator,very useful indicator.
Looking for developers who can encod Gann HiLo Activator indicator for MarketScope
Gann HiLo Activator is basically a simple moving average of the previous 3 periods' highs or lows plotted based in relation to the HiLo Activator.
Gann High Low - Metastock Indicator Formula
by Adam Hefner{name: GANN-HiLo}
HLd:=If(CLOSE>Ref(Mov(H,3,S),-1),
{then}1,
{else}If(CLOSE<Ref(Mov(L,3,S),-1),
{then}-1,
{else}0));
HLv:=ValueWhen(1,HLd<>0,HLd);
HiLo:=If(HLv=-1,
{then}Mov(H,3,S),
{else}Mov(L,3,S));
HiLo;Apprentice