Forex Exchange Price Indicator

Forex Exchange Price Indicator:

Shows the relative change of the current price from the price N/M bars ago.

96/288 bars are used by default. For the 5-minute timeframe: 96 bars – the last 8 hours, 288 bars – the last day.

  1. You can use the deviation from the zero line in the positive or negative area.
  2. You can use the divergence of price extrema and extrema of the indicator lines.

Test results:

Forex Exchange Price Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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