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Specifiche
Hi,
I would like someone's help to develop a customised indicator to calculate value, used in mt5. And it should be able to be imported into EA builders.
The logic is quite simple, Formula as below:
Indicator ER (XX-XX)
ER (1-20) = absolute value (1st bar closing price -20th bar closing price) / (absolute price change bar1+ absolute price change bar2+……. + absolute price change bar 20)
Notes: ER(1-20), the 1, and the 20 is an input variable. Bar counted: the current bar is 0, the one previous is bar 1 etc. , using the current timeframe selected.
absolute price change bar 1, means (closing price -opening price ) of bar 1.
Thanks
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