Shows the tick chart in a separate window, with Ask line. The three additional variations plot the Median, Typical and Weighted candle prices aswell.
The price lines can be used for support/resistance and to gauge the direction of movement, also for trading signals when the Bid line (red) crosses or bounces off them, as pictured below.
Median = High + Low /2
Typical = High + Low + Close / 3
Weighted = High + Low + Close + Close / 4
All four indicators shown in window…
FX Tools release : Levels RMS – Professional background Risk management system for manual or automated trading. – www.fxtools.info
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Rogue tick detector - indicator MetaTrader 4 Introduction: Traders of all varieties have increasingly dependent on mt4's automated trading and custom studies capabilities to implement their speculative…
FX Tools release : Levels RMS – Professional background Risk management system for manual or automated trading. – www.fxtools.info
