Power of XXX with average indicator description.
Thank you for reading this post, don't forget to subscribe!Version 229.201
The indicator is new version of previously published indicator showing relative actual strength of currency XXX.
Zero line (0.0) presents average with chosen period (AveragePeriod variable).
The indicator calculates its value of close prices of 7 pairs containing currency XXX.
Colored histogram was added to simplify interpretation of the market situation.
Now you have 2 mode options to choose:
- TREND
- COUNTER-TREND
The same color on BASE and QUOTE in equal mode means higher oportunity to trade in correct direction.
Instance 1 = BUY:
EUR USD.
You chose mode TREND for Power of EUR with average and for Power of USD with average.
Both indicators show GREEN color you should be prepared to BUY pair EUR USD.
Instance 1 = SELL:
EUR USD.
You chose mode TREND for Power of EUR with average and for Power of USD with average.
Both indicators show RED color you should be prepared to SELL pair EUR USD.
Power of GBP with average – Download Instructions
Power of GBP with average 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:
