Forex Enhanced Balance Volume Indicator
Forex Enhanced Balance Volume Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is volume. It has 5 settings, for example app Price1 (default ----APPLIED PRICE----), app Price2 (default 0=Close 1=Open 2=High 3=) and applied Price (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Enhanced Balance Volume Indicator
Forex Enhanced Balance Volume Indicator is an indicator for MetaTrader 4. It has 5 settings, such as App price1, App price2 and Applied price. MQL source code included.
Files in the download: Enhanced_OBV.ex4, Enhanced_OBV.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| App price1 | ----APPLIED PRICE---- | |
| App price2 | 0=Close 1=Open 2=High 3=Low 4=(H+L)/2 5= | |
| Applied price | 0 | |
| Use enhanced | true | |
| Smooth volume | false |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Volume · MT4 Indicator · MQL4 Source Code