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Forex Indicator “ExVol”

The indicator of ExVol computes the sums difference of ascending and descending candlesticks’ lengths of bodies on a specified interval gap in the points.

The zero level on the indicator means that the sum of the ascending and descending candles is the same. As a rule, the intersection of the zero mark from the bottom up signals the beginning of an upward movement. If the intersection of the mark is going from up to the bottom, then it is the sign of the downlink movement. Also, the indicator can be applied as an annunciator to the closing of the position if its value starts to approach zero.

The indicator was published on the 22 of December, 2006 in the CodeBase and was implemented in MQL4.

 

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