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NearONE

NearONE displays the average value of the price deviation in points for a specified period in a subwindow of a selected trading instrument.


Inputs:
  • DRAWs - number of bars to display the indicator;
  • NearPeriod - indicator period.


If NearPeriod is 0, recommended periods are used for each chart timeframe.


If NearPeriod = 0:

  • M1 timeframe - period = 60;
  • M5 timeframe - period = 48;
  • M15 timeframe - period = 96;
  • M30 timeframe - period = 192;
  • H1 timeframe - period = 96;
  • H4 timeframe - period = 312;
  • D1 timeframe - period = 30;
  • W1 timeframe - period = 12;
  • MN1 timeframe - period = 9.

This is the first indicator of the Near series.

Maksym Mudrakov
8459
2016.08.31 18:54 
 

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