Market Facilitation Index, BW MFI Market Facilitation Index Technical Indicator (BW MFI) is the indicator that shows the change of price for one tick. Absolute values of the indicator do not mean anything as they are, only indicator changes have sense. Bill Williams emphasizes the interchanging of MFI and volume: Market Facilitation Index increases and…
Standard Deviation The Standard Deviation Indicator (StdDev) measures the market volatility. This indicator describes the price standard deviation value relative to the Moving Average. The higher the Standard Deviation is, the more instable (volatile) the market is, i.e., bars prices are rather dispersed relative to the moving average. Opposite, the lower the deviations is, the…
DailyPivotPoints The DailyPivot Points indicator helps to get the idea of the future market movements, unlike other tools that are usually behind the market. Information that has become available during the previous day is used to calculate reference points for short trends of the current day. Pivot Point (PP) is the balance point, a level…
Sell-Buy Alert Displays Buy/Sell arrows as the MACD or RVIindicators are changing. When both indicators will match a message will be displayed and a sound alert will play. This indicator will print sell/buy alert only if a time period is 1H or higher.
Price Channel The Price Channel indicator calculates the highest high and lowest low of the trailing number of bars specified by the input Length. Lines representing the trailing highs and the trailing lows are then plotted. When a forex market moves above the upper band, it is a sign of forex market strength. Conversely, when…