acc PriceBalance
The new development designed to facilitate trade. The indicator may be configured as for the trend and for a counter-trend trade.
acc PriceBalance It helps to find new entry points or to help filter out the existing signals.
The indicator can be observed several types of signals
- Histogram output for signal lines
- output signal lines from the histogram
- Histogram color change
If top pink color histogram, the bullish trend on the market
If bottom pink color histogram, then the bearish trend on the market
The indicator is not redrawn on closed bars! Only provide good indicators!
The principle of operation of the indicator
The input parameters given by:
- Period
- used price
- Lines multiplier
The value of the histogram is equal to: (Maximum price for the period - the minimum price for the period) * 2
Color histograms changes when updated maximum or minimum prices for the period bars.
The price for the construction of a histogram display can be set Close or High / Low.
Signal lines are based on the Average True Range, using the parameter 'Lines multiplier' to correct them.
The indicator is additionally present quick change parameters panel, thanks to this very simplified search of optimum input parameters for any instrument and timeframe.
Thank you
download currently a trial version for a test, perhaps this is what you need!
I look forward to any comments and suggestions for improving the indicators.
Also see our other products
Video
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