Forex DiNapoli Price Oscillator Indicator
Forex DiNapoli Price Oscillator Indicator:
There is possibility to:
- choose amount of bars to calculate the formula
- choose type of average, which is used in counting
- choose price (open, close, high, low), which is used in counting
- choose shift of average
- calculate and display overbought and oversold levels (60% and 100%)
Levels are counted using special formula, which is used standard deviation function. However levels are displayed correctly and results are the same as results received using manual methods. Level factors were specially selected and are the most suitable to use.
Requirements:
- ‘Show object description’ option must be enabled
- If two indicators have to be displayed in one window, DPO should be added as first
What does Forex Indicator mean?
A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on. Popular forex indicators include moving averages, relative strength index (RSI) and average true range (ATR). A forex trader must choose the indicators that fit his or her trading strategy.
How to install Forex DiNapoli Price Oscillator Indicator?
- Download Forex DiNapoli Price Oscillator Indicator.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex indicator
- Load indicator on your chart
How to uninstall Forex DiNapoli Price Oscillator Indicator?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
