Uniform Moving Price Range
Quotation of the currency pair is the ratio of the value of one asset (currency) to another. Changing the value of the currency causes a proportional change in the quotations of the currency pairs, in which it is part, and is reflected in the graphs in the form of a synchronous movement.
Indicator “Uniform Moving Price Range” shows the movement of the price range, the height of which is unified, it can be used with the same settings on different currency pairs, having in its composition a common currency.
The indicator has a single parameter:
UniformHeight – unified, ie rates in the neighborhood of 1.00, the working height (amplitude) of the price range;
and generates three graphic series:
- Direction – direction: “undefined” (0) “a fall” (-1) and “growth” (1);
- Upper bound – the upper limit;
- Lower bound – bottom line.
Construction begins with the earliest bar: the upper limit is set to High price and the bottom – in the Low bar, the direction is set to “undefined”. At each bar is made High Low price verification and bar output of range. In the event, made the displacement broken borders to a new price level. In this case, if the height is higher than the working range, the range was tightened opposite border and fixed direction “a fall” – at the exit of the lower bound, growth” – at the exit from the top.
The new provision tightens border is defined by the following formulas:
– if there “a fall”, position of the upper limit should be no more than:
UpperBound = LowerBound * (1.0 + UniformHeight);
– if there was “growth”, position of the lower bound must not be less than:
LowerBound = UpperBound / (1.0 + UniformHeight);
In case of simultaneous breaking bar boundaries, direction takes the value “undefined”, and the upper and lower limits of the range – High and Low prices of the bar, respectively.
Trend direction line MT5
Trend direction line MT5 The indicator determines the direction of the current price trends, as well as the likely range of stroke rates. After the close…
Nine Lives of RSA MT5
Nine Lives of RSA MT5 This indicator displays the information on 9 currency pairs to choose from in all 9 timeframes. When the digital value of the RSI…
Oscillator normalized in bands
Oscillator normalized in bands This multi- indicator is an oscillator (MASD, Momentum, RSI, MFI) normalized to Bollinger bands. Normalized oscillator…