MA and a Candle's Close Indicator | Forex Factory

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MA and a Candle's Close Indicator

  • #1
  • First Post: Jun 8, 2010 2:28pm Jun 8, 2010 2:28pm
Hi guys,

Do you know of any indicator out there that computes the difference between the Moving Average and the close of the candle for that day?

Thanks for any info.
  • #2
  • Jun 8, 2010 6:01pm Jun 8, 2010 6:01pm
Check out Dr. Alexander Adler's indicator called "bulls power" and "bears power". This indicator is a histogram that measures the close above or below a 13 period moving average. It is standard on the MT4 platform.
  • #3
  • Jun 8, 2010 6:24pm Jun 8, 2010 6:24pm
Quoting gspajon
Check out Dr. Alexander Adler's indicator called "bulls power" and "bears power". This indicator is a histogram that measures the close above or below a 13 period moving average. It is standard on the MT4 platform.
Wow i did not know this, always wondering how to use this indicator,
  • #4
  • Jun 9, 2010 5:04am Jun 9, 2010 5:04am
Quoting ramdas
Wow i did not know this, always wondering how to use this indicator,
You might want to read some of Dr. Elder's books...Trading for a Living and/or Come Into My Trading Room. He has many others but these two are my favorites.
  • #5
  • Last Post: Jun 9, 2010 1:09pm Jun 9, 2010 1:09pm
thanks gspajon for the tip.

have a nice trading day!
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