Power of XXX indicator description.
The indicator is showing relative actual strength of currency XXX.
The indicator calculates its value of close prices of 7 pairs containing currency XXX.
The indicator can be used for MEAN REVERSION based strategies.
Lets assume XXX YYY currency pair scheme where XXX is BASE currency and YYY is QUOTEcurrency.
Place Power of XXX into your chart first and Power of YYY second.
You can have 2 relevant situations.
- Indicators curves are close to each other. It means there is higher probability that the price of the pair XXX YYY will go UP.Do not take Power of .. signals separately from overall market situation (SR levels/zones and so on).
- Indicators curves are FAR from each other. It means there is higher probability that the price of the pair XXX YYY will go DOWN.Do not take Power of .. signals separately from overall market situation (SR levels/zones and so on).
MT4 Indicators – Download Instructions
Power of EUR is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install the software?
- Download the mq4 file from the zip file.
- Copy the mq4 file to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on the mq4 file.
- Attach to a chart
- Modify settings or press ok
- Indicator should be available on your Chart
How to remove tim.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: