Effort Result MT5 Indicator

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Effort Result oscillator displays the correlation of the price change speed to the maximum volume for the specified time interval.

It has one configurable parameter:

  • Period – calculation period

Calculation:

ER = ROC / MaxVol

where:

ROC = 100.0 * (Price / Price[Period]-1) Price = SMA(Close, Period) MaxVol – maximum volume in the Period range

MT5 Indicators – Download Instructions

Effort Result MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Effort Result MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

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How to install Effort Result MT5 Indicator.mq5?

  • Download Effort Result MT5 Indicator.mq5
  • Copy Effort Result MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Effort Result MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Effort Result MT5 Indicator.mq4 is available on your Chart

How to remove Effort Result MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download:



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