An oscillator that duplicates the chart of a selected asset in a separate window in three ways: line, bars and candles. This is essentially an indicator Bollinger bands, displayed in a separate window. In my opinion, it will be useful for beginners as a way to look at various technical signals from a different angle. This indicator helped me in an adviser for filtering unfavorable moments for trades.
Calculation of a standard assessment and its conclusion in the form of candles.
μ - moving average
σ - is the standard deviation
|Symbol||simbol, an empty value is the current simbol|
|Reverse||reverse indicator values|
|Applied price||estimated price. By default, Median Price (HL / 2) is used as the least prone to redrawing|
|Value and line price||type of chart: Line, Bar - High/Low price, Candlestick|
|Bull color||color of the bull candle / bar|
|Bear color||color of the bear candle / bar |
|Background color||background color|
|Body width||thickness of the body of the candle; 0 - auto detect, 1 - body is hidden|
|Maximum bars||maximum number of bars displayed. If 0 - no limit.|
|Shift||shift of the indicator values|
Ways of interpretation:
1. When you hold a trade and it is in the positive zone, moving the indicator values from 2 to 4 indicates a likely local rebound soon, so you should think about fixing a position if your trade is designed for short movements.
2. Confirmation signalas of breakout trading ranges, as well as the provision of early signals for transactions.
If you find more interesting examples of how to work with this indicator, write to me, I will be happy! If you are looking for a reliable broker, and also want to quickly pick up tools and spreads, there is a good selection of top companies, here is a link to TOP brokers.
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.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.
Short description: This Script will draw a line from the open to the close for each order in you account history. please show all history in account history before using this script.Currency Strength
"Currency Strength" EA finds the strongest\weakest currency from 8 major currencies and trades with moving averages, has Trailing Stop Loss &Take Profit works on all time frames major Forex pairs.