You can use the psychological line indicator to generate trading signals.
Psychological line indicator mt4. Indicator wso wro trend line. It reflects the buying power in relation to the selling power. One of the methods is to use it to generate counter trend trades. The indicator is almost 2 years old.
Psychological indicator for metatrader 4 is a metatrader 4 mt4 indicator and the essence of the forex indicator is to transform the accumulated history data. If psy is above 50 it indicates that buyers are in control. Prime features of the psychological line indicator. Mt4 psychological mq4 3 7 kb 341 views so the indicator only display the numbers of mor ratio 0 without lines of each forex indicators download instructions.
Rsi of jma indicator. I didn t lay it out because i had no idea of how to use it. Psychological line psy as an indicator is the ratio of the number of rising periods over the total number of periods. Mt4 indicators download instructions psychological is a metatrader 4 mt4 indicator and the essence of the forex indicator is to transform the accumulated history data.
An example of the script that writes the values of the rsi indicator to a csv file. Cci of ema indicator. Psychological indicator for metatrader 4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Rsi with rsi indicator.
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