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Indicators

Power of GBP with average - indicator for MetaTrader 4

JAN OPOCENSKY | English Español Português 日本語 Deutsch 한국어

Views:
7860
Rating:
votes: 11
Published:
2020.07.15 19:53
Updated:
2020.09.27 14:22

  • 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.



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 CAD with average Power of CAD with average

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

Power of CHF with average Power of CHF with average

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

Power of JPY with average Power of JPY with average

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