PFE_Overlay - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

The Polarized Fractal Efficiency Overlay (PFE_Overlay) indicator is designed to identify trends. Unlike Polarization Fractal Efficiency , this indicator displays two lines on the price chart as the main indicator line and the calculated StdDev deviation value.

There are seven configurable parameters:

 PFE = BL + (100.0 + RAW) / Scale TL = MA + Deviation * Dev
BL = MA - Deviation * Dev

Where:

 MA = SMA (average period)
Dev = StdDev(average period, MODE_SMA)
Ratio = 200.0 / (TL - BL)

• Easley Close > Close [Slow ROC Period]

   Original = 100.0 * Z

• Others:

   Original = -100*Z

 Z=X/Y
X = Sqrt(SlowROC * SlowROC + 100.0)
Y = Sqrt(FastROC * FastROC + 1.0) + PDS
SlowROC = 100.0 * (Closing Price/Closing Price [SlowROC Period]-1)
FastROC = 100.0 * (Closing Price/Closing Price [FastROC Period]-1)