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2008.07.04 07:57
Indicators

The average amplitude of the price movement for whole history. - indicator for MetaTrader 4

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amplitude.gif (8.08 KB)

The displayed values:


  • Whole length of the candlestick (High - Low) - red solid line
  • "Body" of the candlestick (for a bull candlestick = Close - Open) - green solid line
  • Sum of "shadows" (for a bull candlestick = (High - Close) + (Open - Low) ) - blue solid line
  • Upper "shadow" (for a bull candlestick = High - Close ) - blue dashed line
  • Lower "shadow" (for a bull candlestick = Open - Low ) - blue dashed line

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7733

The average amplitude of the price movement for the specified period The average amplitude of the price movement for the specified period

The indicator displays the average amplitude of the price movement for the specified period.

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The author insists that users may utilize this indicator as an external interface for all other indexes.