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- 3606
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- Published:
- 2018.06.06 12:58
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The Point of Balance indicator.
It is calculated by the following formula:
BL =(MinH+MaxH)/2, BR =(MinL+MaxL)/2, POB =(BL+BR)/2,
where
- MinH, MaxH - is the maximum and minimum of HIGH prices over the period;
- MinL, MaxL - is the maximum and minimum of LOW prices over the period.
The indicator has one input parameter:
- Period - indicator calculation period.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20320
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