- June 16, 2013
- Posted by: Forex Wiki Team
- Category: FX Ind
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Author: | suirad (2011.01.05 09:16) | ||
Downloaded: | 4763 | ||
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Description:
A very useful indicator to show trend of 4 currency pairs on your charts. For more information and forex trading visit ZCOM Forex. You will be able to choose 4 currency pairs to show daily trend. Trend is determined by these indicators: Smoothed Moving Average (100) of H1 chart; Smoothed Moving Average (50) of H1 chart; Stochastic (30,1,3) of H4 chart. The trend is Down when SMA(50) < SMA(100) and Stochastic is below 50 level. The trend is Up when SMA(50) > SMA(100) and Stochastic is above 50 level. There is a Flat determined when SMA(50) > SMA(100) and Stochastic is below 50 level and vice versa. Image: |