A very useful indicator to show trend of 4 currency pairs on your charts. For more information and forex trading visit ZCOM Forex.
You will be able to choose 4 currency pairs to show daily trend.
Trend is determined by these indicators:
Smoothed Moving Average (100) of H1 chart;
Smoothed Moving Average (50) of H1 chart;
Stochastic (30,1,3) of H4 chart.
The trend is Down when SMA(50) < SMA(100) and Stochastic is below 50 level. The trend is Up when SMA(50) > SMA(100) and Stochastic is above 50 level. There is a Flat determined when SMA(50) > SMA(100) and Stochastic is below 50 level and vice versa.
For more information and forex trading visit ZCOM Forex.
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.