FOREX INDICATOR VOLUME POWER - MT4

Description

FOREX INDICATOR VOLUME POWER
Forex Strategy with Volume Power
Currency meter in forex is used so that we can see Trend easily and quickly.
We can see which Currency is currently strengthening or weakening, usually compared to other Currency Pairs.
I'm researching this strategy in the third month for swing trading and looking for the best setup to get into the market, including finding parameters where we need to get out of the market.
The concept is simple, we analyze which currencies are weak and which currencies are strengthening. I will not explain in more detail how this strategy is used because in some links below this explanation is quite clear and easy to understand
Trading Volume
trading Volume
indicator shows the volume of Buying and Selling Trades on the Current Bar Or on average of specific number of last bars as you want . Both volumes are shown simultaneously with green and red colors for Buying and Selling Trading Volumes respectively. And a Percentage ratio of both Volumes appears too in same colors. And Buying and Selling Volumes Expressed By Bulls & Bears .
Notice :
This indicator Works on any timeframe and any Pair of Currencies
Calculation Methods:
There are three ways of calculations to be made (you can select your suitable way from inputs)
First:
if you choose
(CalculationBy = BidRatio)
The indicator calculates Buying and Selling Volumes Based on
Bid Price(Close Price)
Means that Bulls = Bid Price - Low Price
Bears = High Price – Bid Price
Second:
if you choose
(CalculationBy = OpenRatio)
The indicator calculates Buying and Selling Volumes Based on
Open Price
Means that Bulls = High Price - Open Price
Bears = Open Price – Low Price
Third:
if you choose
(CalculationBy = BodyRatio)
The indicator calculates Buying and Selling Volumes Based on
The Candle Body Length divided on total candle length with respect to its direction
Input Settings:
First Parameter
(
CalculationBy)
Explained above in detail.
Second Parameter (InpPeriod)
it indicates to the number of bars to Calculate their average by indicator
if you want to apply indicator on the current bar only enter (0).
Third Parameter (Position)
it indicates to the position that indicator Panel appears on.
Fourth Parameter (X_Offset)
to move indicator Panel Horizontally.
Fifth Parameter (Y_Offset
) to move indicator Panel Vertically.
Currency Power Indicator
The currency power indicator measures the strength of the 7 major currencies (CHF, AUD, EUR, NZD, JPY, USD, CAD, GBP) and ranks them in a nice little window on the MT4 main chart.
Trading Signals
Buy: Look to buy the strongest currency versus sell the weakest currency. Looking at the image below, one would buy the CHF and sell the GBP (CHF/GBP).
Sell: Look to sell the weakest currency versus buy the strongest currency. Looking at the image below, one would sell the GBP and buy the CHF (GBP/CHF).
Indicator Preferences
Currency pairs: majors + currency crosses
Time frames: any
Sessions: Any
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IN NOTE FOR SELLER. HIS INDICATOR I WILL SEND TO YOUR
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EXAMPLE:
Platform
: Metatrader4
Currency pairs
: Any currency pairs
Trading Time
: Around the clock
Timeframe
: Any
Markets
: Forex, Indicies, Commodities.
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This is Genuine Original Software
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can be replicated immediately after sell, we can not accept returns.
This package can be downloaded easily into your computer.
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