Azzx Intraday Bar Range MT4 Indicator

Azzx Intraday Bar Range MT4 Indicatorcalculates the average range for intraday bars for a certain period of time.
The work of this indicator is very simple, he expects movement ranges of prices for intraday candles (bars) for a certain period of time, and then calculates their average and draws it in the histogram below the graph directly in the indicator window. In order to display work best, you should choose to schedule a time frame as possible, it is better if the time frame will be less time, simply because the indicator Azzx Intraday Bar Range works better and it shows the best signals for the lowest possible time periods.

Indicator parameters:

PERIOD - the number of candles used to calculate the average range;
HISTORY_DEPTH - the number of bars in history, which is calculated indicator.

Description of parameters:

in the parameter «PERIOD» default is the number "480" , this number corresponds to the number of bars in a week time frame for the time;
than "weaker" than your computer, the less need to put a number in the parameter "HISTORY_DEPTH" , because the calculation of the indicator may be delayed for a long time, which in turn can cause a crash as of the trading platform, so the computer as a whole. In addition, by putting the number "0" , the indicator should be calculated for all the existing stories.

The use of trade:

on the chart, the indicator behaves in the following way: When the market starts to flat or "corridor", histogram display is reduced and takes values ​​close to the minimum, and when the price starts to move in one direction or another, the bar graph display rises and reaches its peak near the end or trend reversal, so that trade on this indicator can be divided into three types:

Example 1:

when the histogram is reduced accordingly begins flat, we are putting an order to buy higher prices and an order to sell below cost. The initial stop-loss may be the opposite order.

Example 2:

We look forward to when the histogram indicator will drop, and once it starts to rise, open trade in the direction of current trends, and hold the transaction until the histogram starts to decrease again.

Example 3:

everything is on the contrary, we expect to draw a histogram when its highest value during the period, and the higher the better, this behavior is an indicator often indicates the extremes of the market, so in this example we will trade on the spread.

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