fxcodebase-backup
Progress
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=7690
Forum: 17 · Topic 7690 · 16 post(s)
Progress
Apprentice · Sat Oct 29, 2011 10:22 am
This is an indicator that I have personally created. It is similar to OBV and you can use it the same way. Although it gives a greater number of signals. In my opinion, provides earlier and more accurate signals.
I have added three algorithms. Price, Volume, Price*Volume
Basically, the indicator is a result of the sum of Price, Volume, or the results of their product.
Old version is using Price algorithm
Re: Progress
sabrumea · Sat Oct 29, 2011 9:19 pm
Apprentice, it looks very interesting, but which time frame would you recommend for this one?
Re: Progress
Apprentice · Sun Oct 30, 2011 7:08 am
As I have repeatedly stressed, I do not use indicators in my trading.
This is a relatively new indicator, i do not have much information on it.
In theory, it should give similar results in all time frames.
Feedback is welcome.
Re: Progress
Apprentice · Sun Oct 30, 2011 7:34 am
I have added two additional algorithms.
Re: Progress
sabrumea · Mon Oct 31, 2011 6:03 pm
Apprentice, i think after you added these two algorithms the indicator became more reliable on H4 !!!.. but on m5 or m15 it has become less reliable—you can not even draw a line that should be crossed to trigger the entry because i many cases it is almost horizontal
Re: Progress
Apprentice · Tue Nov 01, 2011 2:51 am
Old algorithm should be unchanged. You Correct me if I’m wrong. I can release the old version, also.
Re: Progress
luciana · Tue Nov 01, 2011 6:36 am
Hi, how can I check/change the version? Thanks. Luciana
Re: Progress
Apprentice · Tue Nov 01, 2011 4:27 pm
By selecting one of the available algorithms. Type parameter (volume, price or volume * price) Old Version, Use Price.
Re: Progress
sabrumea · Wed Nov 02, 2011 7:18 am
Apprentice, i think the indicator (with new algorithms) is ok for all time frames… just on the smaller time frames you have to zoom in ! i think your new version is much more reliable. i really like it!!
Re: Progress
jackfx09 · Sat Jul 28, 2012 2:07 pm
Can I please ask that this indicator be written in .lua format. I have tried to open the bin file with secondary file opener and no luck. Or please advise on how to accomplish that task.
Thanks!
sjc
Re: Progress
nsaale · Thu Oct 11, 2012 2:50 am
Where can I find the WOBV indicator that appears in the picture for progress indicator?
Re: Progress
Apprentice · Thu Oct 11, 2012 3:01 am
Progress and WOBV are essentially one and the same indicator.
Re: Progress
Apprentice · Thu Oct 11, 2012 4:06 am
to jackfx09 I use. Bin deliberately, to hide the algorithm that is use.
Re: Progress
Winner22 · Sun Dec 16, 2012 3:34 am
hi apprentice
very interesting indicator. much better than obv. thanks a lot.
can you explain me please why there is a such big difference between the bid and the ask on these volume indicators. thereby, i don’t know if i have to check trends on ask or bid and it’s often very different. maybe it depends if i need to buy or sell.
i’ll be very grateful if someone could help me on this.
thx a lot
winner22
Re: Progress
Apprentice · Sun Dec 16, 2012 4:44 am
Between the Bid and Ask a negligible difference, Progress, like OBV, is a cumulative indicator. If you add a lot of negligible values, You get a noticeable difference.
Re: Progress
Apprentice · Tue May 02, 2017 12:00 pm
Bump up.