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You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 42638
- Rating:
- Published:
- 2006.09.08 12:46
- Updated:
- 2014.04.21 14:54
-
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Green above Red -> Up.
Red above Green -> Down.
Periods that seem useful are 4, 16, 128.
Value is calculated as follows:
Up (Green) = ((High - Open) + (Close - Low))/2, averaged for the selected period;
Down (Red) = ((Open - Low) + (High - Close))/2, averaged for the selected period.
![](https://c.mql5.com/18/22/drive.gif)
This may have another name or be similar to an existing indicator. I've made up the name drive. Please drop me an email if you've run into a similar indicator before - systrad5@yahoo.com
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Trix Indicator - oscillator based on a triple smoothed EMA.
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Expert shows how Backtest results are unreliable when you open and close an order on the same bar.