GBP to the Power of Average - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources

XXX's power and average indicator description.

Version 229.201

This indicator is a new version of the previously published indicator showing the relative real strength of currency XXX.

The zero line (0.0) represents the average value of the selected period ( the average period is variable).

The indicator calculates the closing value of 7 currency pairs containing currency XXX.

Colored histograms have been added to simplify interpretation of market conditions.

Now you have 2 mode options to choose from:

The same color for BASE and QUOTE in the same pattern means a greater chance of placing a trade in the right direction.

Example 1 = Buy:

The mode you select is TREND for Euros raised to the power of the average and for the Dollar raised to the power of the average.

Both indicators are showing green which is the color you should be prepared to buy EURUSD.

Example 1 = Sell:

The mode you select is TREND for Euros raised to the power of the average and for the Dollar raised to the power of the average.

Both indicators are showing red which is the color you should be prepared to sell EURUSD.

Attachment download

📎 power_of_gbp_with_average.mq4 (17.25 KB)

Source: MQL5 #30165