Relative Strength Levy - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
describe:
The concept of relative strength in taxation is based on the assumption that securities that have demonstrated greater relative strength in the past will also develop relative strength in the future, and vice versa.
It compares past performance with performance in the previous observation period.
calculate:
Arithmetic mean of candle closing prices during the observation period.
Results are plotted around the 1.0 mark.
C is the closing price and MA is the moving average.
explain:
Attachment download
📎 relative_strength_levy.mq4 (2.91 KB)
Source: MQL5 #21077
Relative Strength Levy - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Relative Strength Levy - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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