Williams Percent Range - indicator for MetaTrader 4

Williams Percent Range - indicator for MetaTrader 4

Williams’ Percent Range Technical Indicator (%R) is a dynamic technical indicator, which determines whether the market is overbought/oversold. Williams’ %R is very similar to the Stochastic Oscillator. The only difference is that %R has an upside down scale and the Stochastic Oscillator has internal smoothing. To show the indicator in this upside down fashion, one places a minus symbol before the Williams Percent Range values (for example -30%).
Force Index (FRC) - indicator for MetaTrader 4

Force Index (FRC) - indicator for MetaTrader 4

Force Index indicator measures the Bulls Power at each increase, and the Bulls Power at each decrease. It connects the basic elements of market information: price trend, its drops, and volumes of transactions. This index can be used as it is, but it is better to approximate it with the help of Moving Average. Approximation with the help a short moving average ( 2 intervals) contributes to finding the best opportunity to open and close positions.
Standard Deviation (StdDev) - indicator for MetaTrader 4

Standard Deviation (StdDev) - indicator for MetaTrader 4

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 more immovable the market is, i.e., the bars prices are approaching to the moving
Money Flow Index (MFI) - indicator for MetaTrader 4

Money Flow Index (MFI) - indicator for MetaTrader 4

Money Flow Index (MFI) is the indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI. When analyzing the money flow index one needs to take into consideration the following points: Divergences between the indicator and price movement. If prices grow
Three Colors - indicator for MetaTrader 4

Three Colors - indicator for MetaTrader 4

Example: Moving Average indicator filling by different colors