Forex Blau TVI Indicator

Forex Blau TVI Indicator:

Tick Volume Indicator from the book “Momentum, Direction, and Divergence” by William Blau, implemented in the form of a color histogram.

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

Test results:

Forex Blau TVI Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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