net flows
Info
The net flows is a Indicator for MetaTrader 4 that (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.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install 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.
What this tool does
(c) 2010 shon shampain for zen cows go mu,.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: mc - another powerful indicator for MetaTrader 4 traders.
(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.
Also recommended: macd support and resistance - similar indicator with strong performance on MetaTrader 4.
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).
You may also like: Money Management Visualizer for MT4/MT5 - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 aqua
#property indicator_color2 yellow
extern bool tenths = true;
int num_currencies = 8;
string currencies [8];
string pairs[50]; // we could allocate this dynamically based upon actual numbers, but..........
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.