New AO Forex Divergence Indicator

Awesome Oscillator Forex Divergence Indicator

Bill Williams’ Awesome Oscillator (AO) is designed to show current market momentum and is displayed as a histogram. The Awesome Oscillator is created using the difference between the 34-period and 5-period simple moving averages of the bar’s midpoints (H+L)/2.

Each bar of the histogram that is higher than the preceding bar is green. Each bar that is lower than the preceding bar is red.

This indicator is intended to show what’s happening to the market for the current period (compared to the momentum of a longer period), and some traders use its signals for buying and selling decisions.

Forex Divergence Awesome Oscillator shows divergence areas on indicator and arrows on chart.

Learn more about Forex Divergence Indicators

BJF Trading Group inc.

http://iticsoftware.com

Metatrader Indicator OBV Divergence Generation 3

OBV Metatrader Indicator

OBV indicator will  detect when a currency  is being accumulated by a large number of buyers or sold by many sellers.

Calculation:

If today’s close is greater than yesterday’s close then:

OBV(i) = OBV(i-1)+VOLUME(i)

If today’s close is less than yesterday’s close then:

OBV(i) = OBV(i-1)-VOLUME(i)

If today’s close is equal to yesterday’s close then:

OBV(i) = OBV(i-1)

Where:

OBV(i) — is the indicator value of the current period;OBV(i-1) — is the indicator value of the previous period;
VOLUME(i) — is the volume of the current bar.

Metatrader Indicator OBV Divergence

Very strong signal for open position is fractal divergence between OBV and price.  Divergence is disagreement between the indicator and price.  Metatrader Indicator OBV Divergence Generation 3 detects fractal divergence and shows on divergence zone on graph and indicator. This metatrader indicator based on new optimized and reliable algorithm to detect divergence patterns. Indicator does not repaint and arrows painted above/below the open bar and not in the past. The indicator shows a high percentage of correct signals at the period of flat market. Also with high probability we can determine the beginning and end of the trend.

BJF Trading Group inc.

http://iticsoftware.com