What is the Probability Meter ?
Based on 13 standard indicators and 7 timeframes, it shows a value between 50 and 100 colored with
green or red according to the Up or Down trend.
Based on price action during the last 24 hours, it shows a value between 0 and 9 colored with green, yellow, orange or red according to the strength of the pair. Closer to 9 for a strong Up trend
and closer to 0 for a strong Down trend.
Currency Pair Range
Based on price action and 19 pairs (8 currencies) during the last 24 hours, it shows the strength of each currency of the current pair, value between 0 and 9 colored with green, yellow, orange or red according to the strength of each currency. Larger the range between the currency, stronger is the trend.
The last 2 indicators
Those 2 additional indicators are standard ones (MACD and Stochastic), the ones I use and will be provided with my best settings.
What is the benefit of using it ?
Whatever your trading style, you always need to know if you trade in the right direction. The Probability Meter indicator will show you not only the way but the strength of this direction.
After observing this custom indicator, you will be able to define the end of the current trend and the start of the reverse.
All the values will show you the way !!!