Range Forecast H1 – indicator MetaTrader 4

Range Forecast H1 - indicator for MetaTrader 4
The indicator displays the actual range of the hourly candle in percent and the calculated range based on average statistics. Indicator parameters:Averaging Period – averaging period for calculating the relative range indicator.Number Of Bars For Statistics – number of bars in history for collecting average statistics data for a trading instrument.Shifting Start Of Statistics Calculation … Read more

Trend Strength Index – indicator MetaTrader 4

Trend Strength Index - indicator for MetaTrader 4
The Trend Strength Index indicator measures strength of current trend. Basically it is similiar to a simplified auto regression indicator, because Correlation function calculates the Pearson correlation coefficient between two sets of data: the closing prices and the bar indices over a specified length. This coefficient ranges from -1 to 1, indicating the strength and direction … Read more