Indicator: HawkEye Volume Indicator

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.

More info:
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// @author LazyBear
// If you use this code, in its original or modified form, do drop me a note. Thx. 
study("HawkEye Volume Indicator [LazyBear]", shorttitle="HVI_LB")

volumeA=sma(volume, length)


u1 = mid1 + (high1-low1)/divisor
d1 = mid1 - (high1-low1)/divisor

r_enabled1 = (range > rangeAvg) and (close < d1) and volume > volumeA
r_enabled2 = close < mid1
r_enabled = r_enabled1 or r_enabled2

g_enabled1 = close > mid1
g_enabled2 = (range > rangeAvg) and (close > u1) and (volume > volumeA)
g_enabled3 = (high > high1) and (range < rangeAvg/1.5) and (volume < volumeA)
g_enabled4 = (low < low1) and (range < rangeAvg/1.5) and (volume > volumeA)
g_enabled = g_enabled1 or g_enabled2 or g_enabled3 or g_enabled4

gr_enabled1 = (range > rangeAvg) and (close > d1) and (close < u1) and (volume > volumeA) and (volume < volumeA*1.5) and (volume > volume[1])
gr_enabled2 = (range < rangeAvg/1.5) and (volume < volumeA/1.5)
gr_enabled3 = (close > d1) and (close < u1)
gr_enabled = gr_enabled1 or gr_enabled2 or gr_enabled3

v_color=gr_enabled ? gray : g_enabled ? green : r_enabled ? red : blue
plot(volume, style=histogram, color=v_color, linewidth=5)
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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
+7 Rispondi
HI what is the divisor for? I have hawkeye on mt4 but this divisor makes it more accurate
+5 Rispondi
I'm so glad you've added this... I wanted a clean volume indicator :)
+1 Rispondi
Awesome stuff, thanks!
+1 Rispondi
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!
+1 Rispondi
LazyBear creatives.dsd
Try searching in the publich scripts section. Press "Indicators" when in chartview and type the script name in the search box.

If you dont find the script there, but if you have a chart published with that indicator, use the following guide to import the indicator in to your chart.

This is the complete list of my indicators:

Many of these are not in the public scripts section yet.
LazyBear LazyBear
MQ4 is not available at TV. It has its own language called "Pine" for coding indicators.
I see! Thank You!
creatives.dsd creatives.dsd
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?
Thanks a ton
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