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Forex Indicator “BvsB”

This indicator is designed for the trend trading. It is accomplished in the form of colored cloud. A position should be opened at the moment of changing colors. Monotonic convergence of the lines defines a fading trend.

The indicator is essentially represents a unity of indicators of force of bulls and bears, one of which remains in the position of upside down.

The indicator applies the classes of the SmoothAlgorithms.mqh library, which one needs to copy in the cataloge_data_terminal\MQL5\Include. A description in thorough details of how to work with these classes can be found in the article “Series of averaging price without additional buffers for intermediate calculations.”

For the first time this indicator was applied for forex trading in MQL4 and was published in the Code Base on the 20th of March, 2012. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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