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cQ-DPO Volume MT4 Indicator  

cQ-DPO Volume MT4 Indicator

Requirements
MT4 - MetaTrader 4
Version 4.00 Build 1160 or greater

Dec. 22, 2021 - Version 1.1
Download the cQ-DPO Volume MT4 Indicator

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:

  1. Zero Cross - color changes when indicator crosses the zero level.
  2. Signal Cross - color changes when the DPO line crosses the Signal line.
  3. NTZ Cross - if you have used the TDFI indicator before this is the upper and lower No Trade Zone levels.
  4. Slope Change - color changes when the slope of the DPO changes.

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.

cQ-DPO Volume Dialog Box