UpDownBars Indicator

Name: UpDownBars
Download: UpDownBars.mq4 (2.5 Kb)

Description:

The indicator counts the Up bars (Close-Open) and Down bars (Open-Close).

Oscillator indicator, my opinion - use it for filtering of entry, when UpDownBars is above 0 go only short and when UpDownBars is below 0 go only long.


Source: Codebase.mql4.com

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