Hourly Movement Indicator displays the number of pips that price moves for each hour for the past days. Forex market needs to be volatile enough to be tradable. So, it is important for you to identify whether a particular currency pair will have enough movement for you to earn some profits.
The top of the blue bar indicates the maximum number of pips that the price moved for that particular period. The middle section where tha blue and red bar meets is the average number of pips, while the bottom of the red bar is the minimum number of pips. By default, they are calculated on the last 7 days.
- File: HourlyMovement.ex4
- Size: 5 Kb