The indicator is developed for trading by trend. Position is opened at the intersection of the lines. Steady convergence of the lines indicates a fading trend.
The indicator joins Bears and Bulls Power indicators with one of them being turned upside down.
Reference MA parameters can be changed.
MQL4 version (in Russian):
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1004
This is an informative script displaying data on the current trading account in the chart window.Geo_ShowOpenDayLevel
The indicator shows day open level on any timeframe.