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Indicators

Power of JPY with average - indicator for MetaTrader 4

JAN OPOCENSKY
Views:
11031
Rating:
(9)
Published:
2020.07.15 20:00
Updated:
2020.09.27 14:20
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  • Power of XXX with average indicator description.


    Version 229.201

    The indicator is new version of previously published indicator showing relative actual strength of currency XXX.

    Zero line (0.0) presents average with chosen period (AveragePeriod variable).

    The indicator calculates its value of close prices of 7 pairs containing currency XXX.

    Colored histogram was added to simplify interpretation of the market situation.


    Now you have 2 mode options to choose:

      • TREND

      • COUNTER-TREND

    The same color on BASE and QUOTE in equal mode means higher oportunity to trade in correct direction.


    Instance 1 = BUY:

    EUR USD.

    You chose mode TREND for Power of EUR with average and for Power of USD with average.

    Both indicators show GREEN color you should be prepared to BUY pair EUR USD.


    Instance 1 = SELL:

    EUR USD.

    You chose mode TREND for Power of EUR with average and for Power of USD with average.

    Both indicators show RED color you should be prepared to SELL pair EUR USD.



Power of CHF with average Power of CHF with average

Power of CHF indicator shows actual strength of currency CHF calculated of 7 pairs that contain CHF. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR CHF, USD CHF, GBP CHF, CAD CHF, AUD CHF, NZD CHF, CHF JPY.

Power of GBP with average Power of GBP with average

Power of GBP indicator shows actual strength of currency GBP calculated of 7 pairs that contain GBP. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR GBP, GBP USD, GBP JPY, GBP AUD, GBP CAD, GBP NZD, GBP CHF.

Power of NZD with average Power of NZD with average

Power of NZD indicator shows actual strength of currency NZD calculated of 7 pairs that contain NZD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR NZD, GBP NZD, AUD NZD, NZD USD, NZD CAD, NZD JPY, NZD CHF.

Power of USD with average Power of USD with average

Power of USD indicator shows actual strength of currency USD calculated of 7 pairs that contain USD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR USD, AUD USD, NZD USD, GBP USD, USD JPY, USD CAD, USD CHF.