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Indicators

Power of CAD with average - indicator for MetaTrader 4

JAN OPOCENSKY | English Español Português 日本語 Deutsch 한국어

Views:
3988
Rating:
votes: 6
Published:
2020.07.15 19:47
Updated:
2020.09.27 14:29

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.



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This is an indicator on Daily Pivot Points and Support and Resistance levels.

Power of EUR with average Power of EUR with average

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

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.