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HL Deviation MT4

This indicator belongs to the Oscillators group. It is based on analysis of changes in closing prices between the highest and the lowest levels for a certain period. Indicator values ​​fluctuate around the zero level. Its intersection is a) a sign of a possible change of impulse price movement; b) a signal to opening a position.

Blue Histogram - upward momentum. Red histogram - downward momentum. Change of the histogram color to blue - a buy signal. Color change to red - a signal to sell.


Settings:

  • hl-period - the number of bars for the calculation of the highest and lowest levels.
Maksym Mudrakov
9638
2016.08.31 17:00 
 

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