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cQ-DPO Volume MT4 Indicator | ||||||
Requirements Dec. 22, 2021 Updated to v1.1 |
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Overview | |||||||
The cQ-DPO Volume is a Volume indicator for MT4. It's based upon the Trend Direction & Force Index indicator but uses a DPO indicator for it's input. The DPO response differently than the original TDFI indicator. There is a variable Shift amount parameter which also changes the way the DPO behaves. The DPO part of the indicator also allows you to change the DPO input moving average. This effects how the indicator responds and can be made faster or slower simply by changing the moving average type. One of the more interesting aspect of this indicator is the addition of the Force parameter. The "Force" component of the TDFI is used and is applied to the DPO input. This allows you to change how tight the indicator will respond. A looser/lower setting brings more trading possilities while increasing the Force will lower the possible number of trades. The Force Smoothing Trend Period Multiplier has also been added. This works in tandem with the Force parameter to again increase or decrease the number of possible trades. Watch the video to get a better idea of what I'm talking about. There are 4 Color Change Modes:
The Signal Cross mode has the same types of moving averages available. There are 28 moving averages available for the DPO Input, DPO Smoothing, and Signal. Watch the video to get a better idea of what the indicator does. |
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