Accumulation Distribution Accumulation/Distribution Technical Indicator is determined by the changes in price and volume. The volume acts as a weighting coefficient at the change of price — the higher the coefficient (the volume) is, the greater the contribution of the price change (for this period of time) will be in the value of the indicator. In…
Deviation Rate BIAS MT4 Use the average price to calculate the divergence rate. When the divergence rate is high, the market price may pull back. It is often used in stock trading indicators.
Average True Range, ATR Average True Range Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book “New concepts in technical trading systems”. This indicator has been used as a component of numerous other indicators and trading systems ever since. Average True Range can often…
Commodity Channel Index, CCI Commodity Channel Index (CCI) indicator measures the deviation of the commodity price from its average statistical price. High values of the index point out that the price is unusually high being compared with the average one, and low values show that the price is too low. In spite of its name,…
Heiken Ashi Custom Indicator as Candlesticks Example. For Heiken Ashi we recommend the following chart settings ( press F8 or select on menu ’Charts’->’ Properties…’): 1. On the ’Color’ Tab select ’Black’ for ’Line Graph’. 2. On the ’Common’ Tab disable the ’Chart on Foreground’ checkbox and select the ’Line Chart’ radio button.
Moving Average Convergence Divergence, MACD Moving Average Convergence/Divergence is the next trend-following dynamic indicator. It indicates the correlation between two price moving averages. The Moving Average Convergence/Divergence Technical Indicator is the difference between a 26-period and 12-period Exponential Moving Average (EMA). In order to clearly show buy/sell opportunities, a so-called signal line (9-period indicators` moving…
Moving Average of Oscillator, OsMA Moving Average of Oscillator is the difference between the oscillator and oscillator smoothing. In this case, Moving Average Convergence/Divergence base-line is used as the oscillator, and the signal line is used as the smoothing.
ZigZag # ZigZag Indicator tracks and connects extreme points of the chart, the distance between these points being equal or higher than the percentage specified for the price scale. Depth is the minimal amount of bars where there will not be the second maximum (minimum) Deviation pips higher or lower than the previous one. I.e.,…