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Unseasonalised Average Trading Range and Forecast for monthly charts - expert for MetaTrader 4

G. O. Thompson
Views:
9949
Rating:
(6)
Published:
2013.11.25 08:39
Updated:
2016.11.22 07:32
Download as ZIP, How to download code from MetaEditor
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Author:

Gary Thompson

Best used on monthly candlestick charts with four decimal points to a pip (use the JPY version for other pairs). This EA calculates the likelihood of your desired range of pips being hit based on two years of past trading ranges and a statistical forecast. If used in conjunction with a direction determinant, it can help determine where to take profit in a monthly trade. Once you use it on the monthly time-frame you will get statistical information to the top left of the screen.


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