Forex StochR Super Position Indicator
Forex StochR Super Position Indicator:
The principle here is the same as in RSI DeMarker Super Position, but for other indicators – stochastic oscillator and %R.
At the moment there is no correlation between different periods of basic indicators in the indicator (MAs of basic indicators on different period are not re-calculated). If it is interesting for anyone, I can add it into the code.
- %R – Silver
- Stoch – DarkOrange
- SuperPosition – Black
- Fast MA – OrangeRed
- Slow MA – SteelBlue
- Divergence gistogram – SteelBlue
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 StochR Super Position Indicator?
- Download Forex StochR Super Position 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 StochR Super Position 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”.
