Hi everyone,
need a bit of help, I have downloaded this excellent indicator below which I like it as it seems precisely what I want, but implementing it the details I get seem to be odd. May be I am the one not fully understanding it so could someone give me a hand please and let me know if there is something i need to tweak or the data is totally correct?
I am using ODL MT4 based in the UK and I just attached the indicator directly to the USDCHF chart for example and I am getting Aver Daily range of 1155, then the weekly at 2439 and monthly at 5302. Are these the pips? It just seems a lot in my view, but I could be wrong though. All the other pairs I traid they all have very high average numbers.
NB: While uploading and suddenly comparing with Ferru's other excellent similar type indicator which has the figures and they are smaller I just noticed that the only difference is a decimal point in the large numbers. How do I interpret this? Could someone just clarify this to me? I assume this must be something as simple as interpreting the pip counts so I really would appreciate the help. Thanks
Thanks
This are the indicators
need a bit of help, I have downloaded this excellent indicator below which I like it as it seems precisely what I want, but implementing it the details I get seem to be odd. May be I am the one not fully understanding it so could someone give me a hand please and let me know if there is something i need to tweak or the data is totally correct?
I am using ODL MT4 based in the UK and I just attached the indicator directly to the USDCHF chart for example and I am getting Aver Daily range of 1155, then the weekly at 2439 and monthly at 5302. Are these the pips? It just seems a lot in my view, but I could be wrong though. All the other pairs I traid they all have very high average numbers.
NB: While uploading and suddenly comparing with Ferru's other excellent similar type indicator which has the figures and they are smaller I just noticed that the only difference is a decimal point in the large numbers. How do I interpret this? Could someone just clarify this to me? I assume this must be something as simple as interpreting the pip counts so I really would appreciate the help. Thanks
Thanks
This are the indicators
Attached File(s)
#(T_S_R)-Daily Range Calculator .mq4
14 KB
|
1,745 downloads
#(T_S_R)-Monthly Range Calculator.mq4
15 KB
|
808 downloads
#(T_S_R)-Weekly Range Calculator.mq4
15 KB
|
815 downloads
FerruFx_Multi_info+_light_chart_v1.1.mq4
86 KB
|
856 downloads