HawkEye volume, developed by Nigel Hawks, is supposed to be a premier VSA indicator. Documentation on this is scarce (looks like the training seminars/sessions conducted by the parent company cover this in detail), if you come across any (other than what I have mentioned on that chart) do let me know.
I am not sure how much this resembles the commercial indicator out there as I don't have access to one (noticed the "clone" part? :) ). This is a direct port of a similar MT4 indicator. If you have access to the commercial indicator in another platform, do post some comparison results.
HI what is the divisor for? I have hawkeye on mt4 but this divisor makes it more accurate
priceprophet
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@laurentg, the divisor is used to find the neutral section of the bar. It is used to evenly divide the range of the bar. IE, a bar is 1.00 long (between high and low), you place a divisor of 10 and the algo will divide 1.00 by 10, for an answer of .10 The algo will then find the mid-section of the bar, or the HL2 (High + Low)/2. It will add and subtract from the mid section the answer from the divisor. The algo will consider this the mid-trading range of the bar. It is considered "neutral" since buyers and sellers can't make their mind up over which direction to take the prices.
laurentg
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How do I add an ema on to it? When I write it in the code I just get a line
creatives.dsd
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Hi Lazy! I got the Hawkeye volume module. But not the working mq4 files. Do You have it? My friend is also a coder.
If i got the real code He can code me to multi time frame. It is very useful and according with the Hawkeye method.
And how can i download indicators from you? You have great stuffs! Congratulation!
Z
LazyBear
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MQ4 is not available at TV. It has its own language called "Pine" for coding indicators.
creatives.dsd
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I see! Thank You!
creatives.dsd
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Hi Lazy! As I examined this is not the original Hawkeye Volume indicator! Unfortunately! It would be great to have the code, but this is nothing to do with real Hawkeye )-: Do You know some decompiler service?
pradipandsuvra
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Sir Thank You Very Much. It helps me a lot to undertand if the momentum is there sort of (big bars I care). I am developing a small scalping strategy (public of course) script in PineScript v5. May I please embed this into my script? Of course I shall have citation of the credit to your script. If you can please allow me, I will be highly obliged. Thanks.
kosai19
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I'm so glad you've added this... I wanted a clean volume indicator :)