This is an oscillator indicator. Its Main Line calculation is based on the average sum of the open, high, low and close prices (each in its array) together with the average of both the open and close prices (of the chosen 'Father Period'). The resultant value of this is then subtracted from the weighted close (of the set 'Father Period'). Likewise, the Signal Line is based on the calculation of the differential sum of the (simple, smoothed and linear weighted) moving averages of the main line.
Everything is simple and clear. The product displays RSI indicator relatively to Moving Average indicator. We recommend to perform indicator analysis from highest timeframes. Minimum working timeframe is 60 minutes. Ma_period - moving average period. Ma_price - moving average price. Ma_metod - moving average calculation method. Ma_color - moving average color. Rsi_period - RSI period. Rsi_price - RSI price. Rsi_color - RSI color.
Levels MQL is an indicator displaying a set of levels on the currency pair chart: Opening level of the week (dark blue) Opening and closing levels of the Asian session (orange) High and Low levels of the Asian session (orange) Opening and closing levels of the European session (purple) High and Low levels of the European session (purple) Opening and closing levels of the American session (green) High and Low levels of the American session (green) Opening level of the previous day (blue
This simple indicator plots a line chart from various prices. Standard Line chart shows only the close price. Inputs InpAppliedPrice - applied price (Close, Open, High, Low, Median, Typical, Weighted) For Developers You can use the indicator in your code. Syntax: iCustom(_Symbol, _Period, "Market\\FT Line Chart MT4.ex4", <AppliedPrice>, 0, <BarShift>); Example: //--- Actual Typical Price (HLC/3) double price_typical;price_typical = iCustom(_Symbol, _Period, "Market\\FT Line Chart MT4.e
This is a moving average which can move not only to the right/left, but also up/down. You can also select a mode of displaying the indicator (as a line or as dots) and all other settings of a standard moving average. If you overlay several indicators in one window, you can clearlier determine price channels setting each border individually. Settings Line_or_Dot - mode of displaying the indicator: true - as a line, false - as dots; MA_period - moving average period; MA_shift_X - nu
This is especially for ATR Indicator Lovers. ATR Values is originally based on ATR. This indicator indicates the values of ATR from different time frames in a single chart Attach it on any chart with any time frame. This indicator shows you the ATR values of all time frames. Settings: Default settings are, ATR Period: 10 Info Corner: 0 Shift: 0 Object Color: YellowNOTE: User can change these settings by his/her requirements
PowMA is a generalized power Moving Average. It allows calculating much "faster" mean lines than LWMA and to fine-tune line sensitivity to historical data. Settings PERIOD - period used for the calculation;POW - index of power;APPLIED PRICE - selected price.The line has the following properties: at POW=0 completely matches the SMA for the same period;at POW=1 - matches the LWMA;at POW=3 - the line goes to the nearer Bollinger Bands line with a deviation of 1;the greater the value of POW, the
Important: For the correct font in the menu, please download and install the "Agency FB" font! SpreadLive shows the full Spread history of a chart with different colors. It alerts you (MT4, E-Mail and Mobile) when the spread reaches the limit, which you can define in the settings. The menu contains Current Spread, Average Spread and Highest Spread of current chart. The main idea is to use it with an EA and analyze negative profits from the spread history. This helps you to see how your broker
The "DeM AreaBalance" indicator displays the deviation of the weighted state of the standard "DeMarker" indicator on the specified area, on a specified number of bars, set by the "DRAWs" parameter. Input Parameters: DRAWs = 128; DeM_Period = 14; AREA = 100 . Trading should be performed based on the strong chart reversals.
The free version of the indicator - https://www.mql5.com/en/market/product/15594. Works only on the USDCAD pair. The Otkatter x2 is an information indicator based on a non-standard Zig Zag. It calculates the average price movements in points and bars based on history data. And on the basis of its calculations, it predicts the potential length and duration of the trend, flat and correction movements, as well as the probability of breakout of the nearest minimum or maximum. It calculates the fol
Show Ask, Bid and Spread prices in the chart window. Inputs Ask/Bid Font Size Ask/Bid Font Type Ask/Bid Corner Ask/Bid Hide Ask Color Ask X Distance Ask Y Distance Ask Hide Bid Color Bid X Distance Bid Y Distance Bid Hide Spread Color Spread Font Size Spread Font Type Spread Corner Spread X Distance Spread Y Distance Spread Hide Spread Normalize Author Miguel Angel Vico Alba Founder/CEO en Pathfinder Systems. Research and
Trade Helper for FX is an information indicator which will help you to find an optimal volume for opening a position with a given symbol. It will show you the main characteristics of your account and a selected symbol: leverage and spread; account drawdown level in percentage terms; if drawdown level is >= 50%, the text color will become red. This is very convenient. minimal and maximal volume of a trade with a given symbol; margin per 1 lot; trade volume equal to your risk level specifi
This indicator shows the value of returns in the selected time frame. They are calculated as logarithm of returns, rather than price or raw returns. For small returns, arithmetic and logarithmic returns will be similar. The benefit of using returns, versus prices, is normalization. It is possible measures all variables in a comparable metric despite originating from price series of unequal values. Inputs You can display data both as a Histogram or a Line.It's also possible to display th
The indicator plots horizontal channels. If the price breaks the boundary of the channel, the channel is shifted. The channel boundaries serve as the support and resistance levels, and the areas bordering the channel boundaries can be used as the overbought and oversold areas. The Channels for prices indicator perfectly works during a flat when combined with the indicators like Stochastic, RSI and operates as a confirmation indicator. The Channels for prices free is a demo version limited to: E
The indicator plots charts of profit taken at the Close of candles for closed (or partially closed) long and short orders individually. The indicator allows to filter orders by the current symbol and specified expert ID (magic number), to set the start time and the periodicity of profit reset (daily, weekly or monthly) to calculate the profit chart. The indicator also displays the floating (not fixed) profit of the orders opened after its was launched, according to the filter settings at the can
The indicator is based on the materials taken from the book: Bill Williams. Trading Chaos: Applying Expert Techniques to Maximize Your Profit. The indicator values at the top of each bar are calculated based on the location of the Open and Close relative to a third of the bar. The bar is divided into three parts. The lower third of the bar is the number three (3), the middle third of the bar is the number two (2), the upper third of the bar is the number one (1). The first number in the indicat
This indicator will display 2 draggable horizontal lines. One is for high alert and another for low alert. You can change the color of those lines in input section, before attaching the indicator to the chart. This FREE version works only for EURUSD. You can buy the FULL Version of this product at https://www.mql5.com/en/market/product/38984 which works for all currencies, commodities etc... If the current price of the symbol goes above the high alert horizontal line, a audio file(.wav forma
Индикатор теней. Отображает размер теней свечей, в пунктах, в виде гистограммы. Работает в трех режимах, на выбор пользователя. Описание настроек индикатора Mode - режимы работы индикатора, три режима: первый height - режим отображения верхних и нижних теней свечей; второй difference - режим отображения разницы теней свечей, разница между верхней и нижней тенью свечи; третий superiority - накопленная разница теней свечей за один торговый день, режим не работает на периоде большем
This is a Demo version that work only on EURUSD, one-hour chart with full functionality. Bermaui Pin Bars Full version: https://www.mql5.com/en/market/product/40945 Bermaui Pin Bars Formula: https://www.mql5.com/en/blogs/post/729139 Bermaui Bands User's Manual: https://www.mql5.com/en/blogs/post/718688 This indicator identifies Pin Bars on the chart depending on a unique formula that measure the location of the candle body center inside the candle range in percentage.
TiModel Predict is designed to predict the future market trends. It is developed mainly for intraday trading (М1, М5 and М15), but it works on all timeframes. The indicator does not redraw history and value on a zero bar. It allows you to use the product for developing various strategies. Due to normalizing methods employed, the indicator is capable of working on all markets and instruments. How it works Quotes are used to form models with different dynamic characteristics. They are display
This is one of my first indicators. Slightly improved. The indicator is based on point and figure chart, but their period is equal to ATR indicator values. Parameters: ATRPeriod - ATR period for calculation of steps.Note: The indicator uses closes price, thus it is recommended to consider completed bars. There is a more visual, with the display of lines on the chart and alerts, paid version of XOatrline
Holy Trinity Indicator This indicator is a Short-Term & Long-Term Trend Specifier indicator. Its analysis is based on the 1 Hour timeframe. Holy Trinity indicator does not suggest to the trader when to place a buy or sell trade, rather it specifies the market trend in the: Short term range Long term rangePractically, before the new market long-term trend becomes quite so obvious, the Holy Trinity indicator specifies it ahead of the point of convergence. Likewise, this indicator may indi
This is my newly created tool which allows you to get a closer look at the actual and the historic trend of the market! You can see the two new indicators called MAT and MOT on seven different timeframes at the same time in real time! Important: this indicator needs the following fonts to be installed: Webdings (webdings.ttf) Wingdings 2 (wingdng2.ttf)Wingdings 3 (wingdng3.ttf)If you do not have installed these fonts, you will get "#" symbols instead of arrows. You'll find these fonts in th
This is a custom CCI ma indicator consisting of 8 pairs. The default ones are AUDUSD, NZDUSD, USDCAD, EURUSD, USDCHF, GBPUSD, USDJPY and EURJPY. You can choose any pair from folder input you want. The best trading has been detected on H4 or Daily charts for swing trade. No repaint and no lagging. It can run on many Forex brokers' servers having these currency pairs. You do not need to open full 8 pairs on MetaTrader 4, only open one pair to see the indicator. But before the first us
The KVM Ultimate MA is a Multiple Time Frame (PRO version only) Moving Average indicator that provides a large number of different types of moving averages, price calculations and shift methods! It uses different colors to indicate the direction of the line or to fire an alert on color change as this could be an important signal on the chart! It is optimized for speed, easy use and configurability! Inputs: Smoothing Method - Lets you choose the type of the moving average (default: EMA)Smoothi
This indicator looks at all timeframes (1M, 5M, 15M, 1H, 4H, 1D, 1W) and determines if the price is below or above the Moving Average. You can choose the period you like for every timeframe, so in the end you'll get an overview of all timeframes in the left top corner of the chart. If the price is below => SELL If the price is above => BUYWith this indicator you don't have to change timeframes to see whether the trend has changed or not, you easily see the trend on every timeframe.
MAXIM Volume Indicator by MAXIM Trading Strategies is a custom indicator that forms part of MAXIM Market Mover indicator. MAXIM Volume Indicator is used by MAXIM Market Mover and as such is NOT a stand-alone indicator. This indicator is free of charge and must be saved/downloaded into the Indicators folder of the MT4 terminal for use by the MAXIM Market Mover indicator. The indicator, if run on its own, will not display any trading signals even though it is executing an algorithm on behalf o
FT Bid Ratio Indicator calculates the ratio of the current bid price and the daily high / low. Displayed Information: ExtBidRatio - Bid Ratio for selected time frame Indicator Parameters: InpDayStartHour* - the time from which will be calculated daily high / low (hour) InpDayStartMinute* - the time from which will be calculated daily high / low (minute) InpLineShow - show a horizontal line with the current value InpLineColor - line color InpLineStyle - line style InpLineWidth - line
This a demo version of the TOMA indicator meant only for USDCAD. The full version of the indicator can be found here https://www.mql5.com/en/market/product/10998 Clearly visible trend is the key to successful trading. The TOMA (Trend of MA) indicator shows the nuances of behavior of the trend line built according to the moving average. The indicator shows trend direction, generates signals about trend strength, possible change of movement and confirmation of a new trend. Experienced tr
This is an indicator of price pulsation towards an Open price for all main timeframes of a symbol. The indicator is developed for monitoring a symbol volatility dynamics at the moment of an assumed (possible) reversal of a current trend. It calculates and displays percentage change of Bid-Open value towards High-Open for the uptrend of interval histograms of the financial symbol's time sequence. It also calculates and displays percentage change of Bid-Open value towards Open
This is the FREE version of Net Change Indicator. The indicator Net Change is a very useful tool able to extrapolate a percentage in order to have a real reference on the performance of the instrument. This indicator is designed to show the main values: you could monitor the Daily, Weekly, Monthly, Quarterly, Semi-annual and Annual percentages. A necessary tool for those who want to really explore the quantitative logic of the market. Input parameters: ONLY AUDUSD symbol Visible_D1 (ON/
The demo version of the indicator does not display data on last 25 bars but is perfect for testing. The Correct Entry indicator displays specific points of potential market entries on the chart. It is based on the hypothesis of the non-linearity of price movements, according to which the price moves in waves. The indicator displays the specified points based on the price movement of certain models, and technical data. Indicator Input Parameters: Сorrectness – The parameter characterizes the d
PLEASE NOTE: This is a demo version and will only work on NZDUSD chart. For the full version, please go to: https://www.mql5.com/en/market/product/11469 Pip Ruler is an easy to use indicator that gives easy to read bar pip size and value information. The Ruler Line can be selected and dragged to desired highs and lows or any other points anywhere on the chart. The information box will display the Pip Ruler distance in pips and will also show the value in account currency. The "Mouse over i
This is Demo version of PipsFactoryWeekly This indicator depends on High and Low price of Currency in last Week and then i made some secret equations to draw 10 lines. Features: You will know what exactly price you should enter the market . You will know when to be out of market. You will know you what should you do in market: Buy Sell Take profit and there are 3 levels to take your profit Support Resistance Risk to buy Risk to Sell Signal Types and Frame used:
This indicator is created for novice and advanced traders. Crossbow is an advanced generation of Moving Averages. The indicator uses two lines: the first one is the third generation (3dg) of Moving Average, the second one is simple moving average (SMA). *3DG is: PRICE_CLOSE, 1 — PRICE_OPEN, 2 — PRICE_HIGH, 3 — PRICE_LOW, 4 — PRICE_MEDIAN, 5 — PRICE_TYPICAL, 6 — PRICE_WEIGHTED. Method of work SMA is delayed in comparison to 3dg, the junctions are considered signals for enter or exit a posit
The next indicator draws support and resistance in up to three different timeframes on the same chart based on x bars each timeframe. It has the next inputs: Variable Value periods1 100 periods2 100 periods3 100 timeframe1 1 minute timeframe2 5 minutes timeframe3 15 minutes showpriceR1 true showpriceR2 true showpriceR3
This is an advanced version of the CCI indicator. The standard indicator version is calculated using the values of a simple Moving Average. This indicator provides an option for selecting a calculation method from MA to LWMA. A signal line with an adjustable period and calculation method is applied over the main indicator. The screenshot shows the differences in indicator values depending on the calculation method. It can be used as a more accurate signal by eliminating the price movement nois
The "CCI AreaBalance" indicator displays the deviation of the weighted state of the standard "CCI" indicator on the specified area, on a specified number of bars, set by the "DRAWs" parameter. Input Parameters: DRAWs = 128; CCI_Period = 14; CCI_Price = "Close price"; AREA = 100 . Trading should be performed based on the strong chart reversals.
This indicator represents a mathematical calculation of the total swap for the specified pairs. The currency with the greatest positive value has the greatest negative swap when buying. For example, if GBP = 50, AUD = -20 (GBPAUD), you would lose a considerable sum, if the trade is held until the next day. As for selling, for example, AUD = -20, JPY = 40 (AUDJPY), you would also lose a lot, if the position is left open over the night. Settings Count history bars = the number of candles to
This is a new trend following indicator from the FTrend series based on oscillators and displaying a trend and its power on different timeframes. FTrendRSI is based on RSI and displays both trend itself as color histograms at the bottom of the chart and its power. Also, the indicator shows trend directions on different timeframes allowing to receive an accurate entry signal by analyzing the price movement on different timeframes. After switching the terminal interface language, FTrendRSI disp
The R-Trend indicator calculates a certain number of R, which is used for identifying trend direction. R ranges between -1 and +1. Positive values indicate an uptrend, negative values indicate a downtrend. The R-Trend indicator should be paired with E-Flet. Input Parameters DRAWs=128 - the number of bars to draw the indicator deeper to history;PeriodInd=14 - calculation period in bars to calculate indicator values.
Despite its seemingly simple look, the indicator has two very useful functions for professional scalpers: Display of the real Ask and Bid (the data shown after enabling the Ask in the options are not real). Drawing indicators with the minimum and maximum values per bar.It is useful to obtain the best performance scalping or to detect spread irregularities in favor of a broker. Checking out those graphs, you will make better decisions when choosing a strategy, or even choosing the best e
The indicator is a demo version Rise or fall volume. This works the same, but can only be used on EURUSD. Description A trader can not always find whether the last closed bar was bullish or bearish in terms of volume. The indicator analyzes all minute volumes within this bar and can more accurately predict the behavior of large market players. Recommended timeframes are from H1 to daily. The indicator calculates the volume values from the 1-minute timeframe, therefore, it is necessary to have
This indicator can display 1-3 CCI indicator on different time frames and settings. The active indicators can give visual and sound alert on oversold/overbought level if the user choose that option. Alert can be set on one or all active indicator, even if the time frame, the period and the oversold/overbought level different on each. There is a display panel with buttons on the main chart, what is show the active indicators and their settings. There is an option to hide this panel. With the butt
The Magneto Precision Trend Free indicator is based on candlestick analysis. It determines the trend change on the previous candle, signal is not redrawn. This version of the indicator works only on AUDUSD. To purchase the full-featured version, see Magneto Precision Trend. Indicator setup and use Increasing the Period parameter decreases the indicator sensitivity, resulting in less frequent changes in color but filtering the market noise. However, the trend change signals will arrive visual
The demo version is different from the full one solely in the fact that it works only on history data and does not display a certain number of signals on the right side of the chart. The full version can be found here: https://www.mql5.com/ru/market/product/25771#description The indicator is designed to determine the synchronous movements of entire groups of instruments. This allows entering the market when the market is controlled by large-scale/global factors. Examples of market interactio
STO Currency Strength Meter DEMO uses Stochastic Oscillator to monitor how strong a currency is, or in other words, if it's being bought or sold by the majority compared to the other currencies. It displays the strength-lines of the currencies of the pair (base and counter currencies of the chart) with changeable solid lines. Also, you can add up to ONE additional currency (only 1 in the DEMO version, in FULL up to 5) to the "comparison pool" that already has the base and the profit (counter) cu
Индикатор Candle Body Histogram отображается в отдельном окне и показывает размер тела каждой свечи в виде гистограммы. В зависимости от того растёт свеча на графикеили снижается, гистограмма меняет свой цвет. Свечи "доджи", у которых совпадаютцены открытия и закрытия, так же отображаются на гистограмме отдельным цветом. Поскольку индикатор строится от нулевого значения, он позволяет визуально сравнить тела свечей относительно друг друга. На гистограмме можно разместить уровни, чтобы отслежива
Levels fo day В торговле на форекс очень большое значение имеют уровни поддержки / сопротивления. На них стоит обращать внимание независимо от того, по какой стратегии вы торгуете ================================ Этот индикатор является уникальным, высококачественным и доступным торговым инструментом. Индикатор формирует важные уровни на каждый день. Уровни помогают принимать решения при торговле на рынке.
Индикатор отображает размер бара и его направление. ---------------------------------------- Цвета гистограммы: * Красный - Медвежий бар. * Зелёный - Бычий бар. * Серый - Цена открытия и цена закрытия равны. * Синяя линия - скользящая средняя. ---------------------------------------- Параметры: - Type of Calculation - Тип расчёта ( Low to High, Open to Close ) - Moving Avarage - Период скользящей средней
You can choose absolutely any tool. This indicator showed good results when testing. The indicator is based on several oscillators using multi-timeframe trend filters. signal accuracy. complete lack of redrawing. You can choose absolutely any tool. the indicator will provide accurate signals ... See also my other trade indicators. Revolution L Lilyyy
This indicator was developed to support multiple timeframe analysis. In the indicator settings, the user can set the color, width, and style of the horizontal lines for each timeframe. This way, when the horizontal lines are inserted into the chart, they will be plotted with the timeframe settings. MTF Lines also allows visibility control of another objets like rectangles, trend lines and texts. Note: This demo version has all features of PRO version, but it is for testing on C
In order to isolate long-term and non-random components, it is necessary to know not only how much the price has changed, but also how these changes occurred. In other words - we are interested not only in the values of price levels, but also in the order in which these levels replace each other. Through this approach, one can find long-term and stable factors that influence (or may influence) the price change at a given point in time. And knowledge of these factors allows you
Rectangle Control простой индикатор который отображает на графике панель для рисования прямоугольников с различными настройками, будет удобен тем кто рисует на графике зоны поддержки, сопротивления. Прямоугольник можно нарисовать с заливкой или без, различной толщины и цвета. А также выбрать таймфрейм на котором нарисованный прямоугольник будет отображаться. При нажатой кнопке алерт будет срабатывать оповещение (если прямоугольник находиться ниже цены на верхнем его краю, если прямоугольник на
Hello, I present to you the stochastic oscillator represented in numbers of all currencies (max 75 pairs), it works in the current time frame with the simple moving average and uses prices: Low / High. Three columns are presented: 1st column: name of the currency. 2nd column: MODE_MAIN (main line) 3rd column: MODE_SIGNAL (signal line) Green color (over purchased): if the value exceeds the number 80 Red color (sold envelope): if the value is less than 20 Gray color (normal): range from 20
Trader Monitor is a convenient and flexibly customizable monitor of information about the current chart of the selected symbol. This is a demo version needed to evaluate part of the monitor’s functionality. The FULL version with advanced features is Here. Settings Current Symbol — currently selected character. Timeframe — currently selected timeframe. Broker Name— your broker's name. Broker Time — broker time(can be differ from local time). Local Time — your local time.
The indicator FTOR 4 is a quick tick oscillator. It shows tendencies of the price movement on a short period of time. It uses tick data for calculations. It can have values from -100 to +100. The indicator has three input parameters: Period - time range in seconds for analyzing the price; Smoothing - the smoothing parameter of the indicator (a positive value); Ticks To Draw - number of previous values of the indicator displayed on a chart. If the parameter is equal to zero, the indi
This indicator displays various data directly on the chart including: Basic account data (number, equity, currency, leverage, profit, etc.). Pair spread updated after each tick. Minimum and maximum spread during the indicator's operation. Minimum acceptable stop level. Previous day's interval, in points. Previous day's High and Low lines. Candlestick volume on a visible part of the chart, in points. Indicator Settings: TextColor – color of the displayed data text. LineColor – day
Red Pill indicator is a revolutionary tool that makes you see the 'Matrix' of the Forex market. It measures the Interbank market trading volume on a tick basis. Using this indicator, traders can easily distinguish the surges made by the big institutional traders (generating the main direction) from the market noise (false attempts made by small retail traders). With this indicator, you will always trade with the 'big dogs' and not against them. Free version works on AUDUSD currency pair ONLY.
The indicator is developed for currency traders that use multicurrency market analysis; it allows reacting quickly to trend changes;Works on all timeframes;Doesn't redraw history values;Works with all markets and instruments due to using normalization methods.Purpose The main purpose of the indicator is to simplify multi-currency analysis based on a large number of different charts, and to displaying several correlated instruments in a convenient manner and on one chart. Of all the possible in
The purpose of this new version of the MT4 standard indicator provided in your platform is to display in a sub-window multiple timeframes of the same indicator. See the example shown in the picture below. But the display isn’t likea simple MTF indicator. This is the real display of the indicator on itstimeframe. Here's the options available in the FFx indicator:
The indicator is a simplified version of TiModel Correlation. It is developed for currency traders that use multicurrency market analysis. It suits for intraday trading (М1, М5) and for long term trading (Н1, D1). The indicator does not redraw its history values and the value on the zero bar. Due to using normalization methods it works with all markets and instruments. Operation Principle A trend pattern is formed based on the quotes. It is displayed on the chart as a broken line. Pattern dy
This is a demo version of PriceProbability indicator. It works on EURCHF only. This is an easy to use signal indicator which shows and alerts probability measures for buys and sells in near future. It is based on statistical data gathered on existing history and takes into account all observed price changes versus corresponding bar intervals in the past. The statistical calculations use the same matrix as another related indicator - PointsVsBars. Once the indicator is placed on a chart, it sho
This is an oscillator indicator. Its Main Line calculation is based on the average sum of the open, high, low and close prices (each in its array). From this value, we must subtract the simple moving average of the weighted close (Father Period). The Signal Line is based on the calculation of the differential sum of the (smoothed and linear weighted) moving averages of the main line. By this, we see The Holy Trinity Peaker gives an earlier price directional movement. With this indicator, BUY
This indicator has two functions: first of all it is used for taking screenshots of the formation of a new candlestick on the chart, to which the indicator is attached, the second function is informative: the indicator shows the account details in the right part of the chart. These two functions are mutually compatible and have flexible settings, they can be used together or separately. So use this indicator to take screenshots of your trading together with the account details. What differentiat
The modified Williams' Percent Range indicator. The indicator calculation equation (%R = (MAX (HIGH (i — n)) — CLOSE (i)) / (MAX (HIGH (i — n)) — MIN (LOW (i — n))) * 100) is left intact. Smoothing is added and the range of fluctuations of the indicator is changed. Now the indicator fluctuates in the range from -50 to 50. Overbought/oversold levels are set to 40 and -40, as well as one more significant level 0 is added. Indicator Parameters WPR Period - period of the indicator; Averagin
Moving average (MA): this indicator is one of the most popular in various market trading. You can find plenty of articles concerning this indicator on the Internet. So there is no point in providing its full description. However, it is to be noted that there are several price averaging methods which eventually resulted in occurrence of numerous types of moving average. The MAStopTrailMT4 indicator is also a MA variation, but it has some advantages in contradistinction to the above mentioned one