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Platform: Metatrader 4&5 - Windows 32|64bits app
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Bar Strength Indicator
BarStrength Indicator is an exclusive indicator to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos.
BarStrength Indicator shows the strength of each candle.
The indicator shows in a separate windows candles relatively to 2 price levels representing resistance and support in the market.
Once candle is near resistance it is highly probable that price movement will change direction and will go down in the next candles.
Once candle is near support it is highly probable that price movement will change direction and will go up in the next candles.
The indicator can also be used to easily spot divergences between real price movement (main chart) and BarStrength indicator movement (indicator window).
The only one input of the indicator is :
The indicator can work with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The indicator can be used with any time frame.