The indicator average true range normalized momentum made with an addition of histogram – one extra feature “momentum smooth mode”.
The indicator measures the speed of price movement of an instrument. By default it measures the most recent closing bar to a previous closing bar n periods ago.
Configure options are:
momPeriod = 25; // A Momentum period momPrice = PRICE_CLOSE; // A Price which calculations are applied to momSmooth = 15; // Smoothing period Levels = 5; // Levels
Analyzing the rate of change, we can guess the strength or “momentum” in an instrument or forex pair.
You must keep a close eye on prevailing market sentiments. This key attribute will help you predict future price movements and plan accordingly. The
sentiment history indicator tires guessing reversals in early states.
Indicator configuration options are:
Period of calculation (default 13)
Mode of calculation (Fast, Slow, Balanced)
The number of bars to display (0 – unlimited)
The indicator show different market session time periods in a nice way on separate window with a lines of different colors. Also display UTC and current time
For correct work you need to specify broker time zone (+2 by default).
Input parameters are colors and time zones to specify anyone if some will change.
Indicator displays the Market Profile charts for the daily trading sessions painting different time sessions in gradient colors. Draw value area and point of control (median).
Traders tend to return to those areas if the volume of the breakout movement isn’t too high. High-volume breakout out of these areas signifies a real breakout.
Should be attached to M5, M15 or M30 timeframes. M30 is recommended.
Designed for standard currency pairs. May work incorrectly with very exotic pairs, CFDs or commodities.
Be careful: it will delete all rectangle objects on the chart upon deinitialization.
StartFromDate – specify a date from when it should draw market profile histograms
StartFromToday (true/false) – if set to true the start day is ‘today’. Set to false if you want to use with StartFromDate value
DaysToCount – how many days back to process
ColorScheme (0,1,2) – different color schemes for gradients
MedianColor, ValueAreaColor – colors for median and value area
Here is the indicator that show real forex volume in mt4 (futures for currency pairs), crude oil, gold and silver and Open Interest for them – the eVOLution-dvoid (Daily Volume and Open Interest Data).
The indicator works with external data that should be downloaded manually from
trading-evolution.com website flesh applet.
Bulls vs Bears indicator is usefull to trade trends, it show the strenght of bulls comparing to strenght of bears in nice crossing levels.
The desired trade should be opened on line cross point. When lines are moving one to another slowly this means trend is going to stop and could be reversed, or flat is close.
Indicator draw market-profile style histogramdata for a selected period, after you set two vertical lines. All you have to do is add indicator to the chart and add two vertical lines.