MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal

Source code library - Expert Advisors, Indicators and Scripts

Buy Expert Advisors in MetaTrader Market and Let Them Trade For You
To post a new code, please log in or register

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2010.03.04 08:42
Accu Dist for a single currency

Accu Dist for a single currency - indicator for MetaTrader 4

| English Spanish Portuguese

Views:
1751
Rating:

I think it is important to have an idea of a certain currency's Accumulation/Distribution level.

In forex we deal with pairs, and that is how transactions are made, but in the real world there are currencies like USD bills, GBP bills and so on.

I hope these indicators will be helpful to have an idea on the level of appreciation of a certain currency at a given time.

I appreciate comments and critiques, so don't be shy...

I give you five indicators for the main currencies : USD, GBP, EUR, JPY, and CHF. You will need historical data for ALL THE CURRENCY PAIRS made out of these currencies (example for the EUR you will need : EURUSD, EURJPY, EURCHF, EURGBP)

Last comments | Go to discussion (1)
Bluesky
Bluesky | 4 Mar 2010 at 11:32

Hi, thanks for sharing.

Here are comments from my side:

  1. A picture of how the indicator looks like could be beneficial to post.
  2. The indicator should maybe need to be normalized. that means to have a minimum (for example = 0 ) and a maximum (for example = 100).
  3. Have a look at this: http://articles.mql4.com/422

Ciao!

David