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The indicator draws bearish and bullish invalidation zones on the chart and marks a trend shift. The half trend indicator show also, the strength of the trend. If there is no trend, the indicator will be flat and we identify as price accumulation or distribution temporary zones.
However, if a trend exists, there will be a slope in that direction. If the slope is steep, the trend is strong. If there is a strong uptrend, the indicator will be green, and the slope will be upward and robust. If there is a downtrend, the indicator will be red with a downward slope. On the other hand, this indicator folow difference of the real market value and price. In some cases, the price momentum streched in oposite of trade zone and compared with price level of half trend "level of change zone" when the supply and demand can be identified also.
Last week High Low Layout 2. This indy creates a Layout of the high and low of last week. It will useful to see support and resistance weekly. Synchronized Zooming 4. It works similar to our other Synchronized series indicators, you just have to attach it on your charts and whenever you change the zoom level on a chart it will update the zoom level of all other attached charts. Price Channels 6. Thank you very much for your work. The indicator plots a mean, two standard deviations, two double standard deviations and finally, a line of maximums and another of minimums.
It would be prudent to add a triple or even quadruple deviation or even more because in certain circumstances the volatility can increase dramatically and the risk as a consequence. In the video, backtesting on TFm1, the indicator loaded twice with and 60 periods to view the price action during the last four hours and the last hour in search of potentiall price channels.
Visual mode speed set at 50x. Note that the averages by nature have a strong lag but it seems that the lines act as support and resistance and they give an idea of the dispersion or degree of volatility. I think that optimize periods to try to know which ones are using high frequency traders, if they are using this statistics methods , is beyond the possibilities of a discretionary trader and for this reason I do not recommend the indicator for discretionary traders.
Please, be careful out there. Default is receiving the value of minutes, being able to change in the code, to other times like seconds, hours, etc. Currency Strength Meter Pro Ver2. Updates: full logs please see source code v2. It was made for traders that want to jump in and trade for profit immediately.
This indicator will automatically draw oversold and overbought zones — below you can find instructions how to use forex speedometer:. Rules for buy signal: Tick chart indicates oversold zone and trader can notice early signs of incoming upward move. Speedometer should reach 2. Consider exiting trade when tick chart indicates overbought zone and there are early signs of possible down move.
Speedometer should fall below 1. Rules for sell signal: Tick chart indicates overbought zone and trader can notice early signs of incoming downward move. Consider exiting trade when tick chart indicates oversold zone and there are early signs of possible upmove. Note: indicator will work properly only on 5 digits brokers. The Forex Speedometer indicator is well worth adding to your trading collection.
Hi All, After a few years of trading forex, and programming different indicators and EAs for MT4, I've noticed that 99% of the indicators and eas are. kall.deilu.xyz › download-forex-speedometer-extreme-scalping-tradi. You want to extract the maximum profit from price movements in the market? Then without indicators forex strategy Forex Speedometer for you. Strategy will work.