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Stochastic Divergence

The indicator displays divergence and convergence on all instruments. It works on all timeframes.

After finding divergence/convergence, the indicator draws a Buy or a Sell arrow according to the detected signal. 


Settings

  • Buy - show buy signals
  • Sell - show sell signals
  • Divergence - show divergence on the chart
  • Convergence - show convergence on the chart
  • KPeriod, DPeriod, Slowing - Stochastic settings
  • drawPriceTrendLines - draw a line (of divergence/covergence) on a price chart
  • drawIndicatorTrendLines - draw a line (of divergence/covergence) on the indicator graph
  • ColorBullishTrendLines, ColorBearishTrendLines - arrow and line color


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Knowledge of the strength and weakness of each currency is vital for every forex trader. Our currency strength indicator measures strength of eight major currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) by using Relative Strength Index indicator, also known as RSI. PipTick Currency Strength Indicator show you in a simple and quick way, when a currency is oversold, overbought or in "normal area". In this way, you can simply identify, which currency is the strongest and which is the weakest. Th
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PipTick Currency Index MT4
Michal Jurnik
PipTick Currency Index is a really helpful tool that enables traders to display any index of eight major currencies. The indicator uses the unique calculation formula that reflects actual volume of forex market. Basically, it is a weighted average of currency pairs values which form the crosses of index currency. The default weights are based on the results of the BIS Triennial Central Bank Survey. Because of this advantage, the trader can see the true strength and weakness of each currency. Not
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