Why isn't it possible? It is possible if we are talking about bettervolume 1.4. In 1.5, I do not know how you imagine translating the histogram into chart candles.
Try changing line 91 in bettervolume_chartbars_part1_1.4.mq4 from:
MQL4:
limit=NumberOfBars; //Bars-counted_bars;
MQL4:
limit = NumberOfBars - counted_bars;
Does that help? Don't forget to recompile the inidactor, of course.
It reduces the number of bars the indicator recalculates each tick. limit is the variable that holds the number of bars (starting from the most recent) that need to be calculated during this tick. Before the change, it has always equaled NumberOfBars - an input parameter that had default value of 500. This means that the indicator always recalculated at least 500 bars each tick. Even if it has already calculated some of these bars before. counted_bars is the variable that holds the number of bars calculated during the previous run (minus one bar). By subtracting counted_bars from NumberOfBars, you reduce the number of bars that get calculated following the very first tick.
just suggestion : if you want to try to use price bars instead candles you might get that visual effect that you are looking for...you would see just one line fully colored...I use bars for years...inventor of bettervolume use price bars on TradeStation so he created it for his liking and then shared with public.
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@trade3925, actually, after trying to implement real candlesticks for other MT4 indicators, I have found out that MT4 does not support the colored candlestick display for indicators. Unfortunately, my claims that it can be done using DRAW_COLORCANDLE plot are not true.
Hello,
Why do you use this indicator for? nobody is telling that. Is that a trade secret?
Thanks
Yes, big secret behind it. I use it and I get huge profit. Thanks for the creator of this volume indicator.
Hi Salim, No trade secret but it makes trading much much easier if you understand what the different colored Bars with their respective colored Volume really mean. This is on top of the pdf attached with regards to BetterVolume.
This is the second time you have said as such with no assistance to the thousands of members on how or where to learn the “big secret”. Not much value for all here to simply come in and gloat, then leave.
Appreciate some contribution to learning here.
Kind regards,
Trab.
Hi Trab,
Just some assistance, search for a soft copy of Master The Markets By Tom Williams. Very good book of VSA, once you read and re-read and re-read the book and understand its contents then BetterVolume will make sense. Just my humble opinion. I trade mainly using VSA, Daily & 12-hr TF S/R and Market Profile Point of Control ... but still reading on VSA as it has alot of concepts and signals. Good Luck
Just some assistance, search for a soft copy of Master The Markets By Tom Williams. Very good book of VSA, once you read and re-read and re-read the book and understand its contents then BetterVolume will make sense. Just my humble opinion. I trade mainly using VSA, Daily & 12-hr TF S/R and Market Profile Point of Control ... but still reading on VSA as it has alot of concepts and signals. Good Luck
