Hello,
My idea is to be able to apply already existing and common indicators (fibos, MA based indicators, patterns, etc) on a candle chart measuring individual currency strengths.
Several indicators (including free) offer individual currency strength based on the relation between currencies and pairs. A good example is this free product I love : https://www.mql5.com/en/market/product/11131#!tab=comments
I would love to apply already existing indicators to a chart displaying such strength data.
I don't know if this is possible but let us discuss it if you have some clues. It does not need to be in the main chart window, it could be on an indicator window. But best would be to be able to have candle/bars reading (with opening, closing, high and low) so every change of the level (following price moves) should be taken into account. Usually strength indicators are not candle-like but lines, I suppose considering and displaying the value at the close of bar for example.
If not possible or too complicated to have candles/bars chart, then I would also consider line charts. But I think indicators would be better used on a candle chart.
Kind Regards
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