Forex Rebolt Delta MT4 Indicator:
About the Forex Rebolt Delta MT4 Indicator
Rebalance Overlay Technology (Rebolt) enables the trader to visualize the flow of money from one chart to another chart.
Rebolt Delta (ReboltDelta) indicates the probable price change that will occur in the target chart based on changes in the source chart.
ReboltDelta is designed for use in cooperation with Rebolt Probability.
It is most common for the relationship between two symbols to be probable and for the degree of expected price change to be small.
It is rare for the high probability of a price change expected from action in another market to coincide with a high value of price change expected from another market.
When Rebolt Probability and Rebolt Delta signals coincide the trader has the benefit of both probability and profitability.
When Rebolt reads Cyan or Blue these are buying signs good for the length of time specified by the user or until a conflicting signal arises.
When Rebolt reads Violet or Red there are selling signs good for the length of time specified by the user or until a conflicting signal arises.
Rebolt is also published as a probability (ReboltProbability), an estimated dollar value per expected price change(Rebolt Delta$) and as an overlay where the expected change is added or subtracted to the chart to express the future expected price (Rebolt Overlay).
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)