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This is an extension of the Average True Range indicator with the breakdown of price gain, loss, and standard deviation; with the price break down into price gain and loss, this can now be used as an oscillator with standard deviation as the queue to time the entry and exit. Settings ATR Period - Typically set at 12. ExtStdDev Period - This the period for the Standard Deviation and it typically follows the ATR Period. How to use Buy / Sell Direction - If the green (gain) is higher than the loss
The ZigZag indicator provide a good perspective on how the prices are moving, especially when identifying the higher highs or the lower lows. Without using the mouse to measure the extremums, the ZigZag indication can sometimes give a false sense of how much the market have moved, especially when the scale is changed. Hence, the idea for this indicator is born. This indicator provides the typical zig-zag indication with the value added movement delta in pips at each extremums (extreme points)
I have been trading for some time now and always find it a difficulty remembering the timing of the various market opening hours at the other part of the world (especially, when it comes to daylight saving), but could not find any decent indicator online that could help. And it is for this reason that gives birth to this indicator, which I have spent much time, effort and thinking. As many already know that opening of a certain marketplace, depending on which currency pair, has an impact on the