Net Flows
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Net Flows
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
(c) 2010 Shon Shampain for Zen Cows Go Mu, .
NetFlows is an indicator (inspired by comments by user Merlin) that computes the volume-adjusted flow of a currency considering all currency pairs available on your platform.
When reading the indicator, remember that values above the 0.0 line are positive net flows, and values below negative. It is very interesting to notice that price action can move in a wide range of net flow configurations; for example, EUR/USD might be increasing on both negative Euro flows AND negative Dollar flows (in which case one would defer to relative net flows to tell the story).
This indicator is, of course, limited by the pairs available on your platform. It is also limited to the 8 major currencies (feel free to modify if you have more).
