Distribution

Price Distribution – indicator MetaTrader 4

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Price Distribution - indicator for MetaTrader 4
Author: Kevin Kurka, Kurkafund.com Numeric representation of how many times each price occurred during a given period. Prints the number of occurrences at each price level within the given time. Recommendations: Use it in an EA to determine support and resistance levels Can be used for weighted Mean revisions. Price Distribution – indicator MetaTrader 4

Larry Williams’ Variable Accumulation Distribution (WVAD) Indicator – indicator MetaTrader 5

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Larry Williams' Variable Accumulation Distribution (WVAD) Indicator - indicator for MetaTrader 5
Albeit forex with major pairs does not have volume information, one of the most used indicators where this information is available is Williams’ Variable Accumulation Distribution, or WVAD for short. It’s basic mathematical definition is: While signal of (close-open) represents direction (positive for uptrend, negative for downtrend), it quantifies the amount of volume needed to … Read more