It's an "MTF" indicator so it can look for breakouts of X bars from different timeframes as well (for example 5 min candle breakouts 20 day range).
Count is a bar range for example 20 means high/low of 20 last bars
Period is a period ie. 60 means 60 min, 1440 D1 and so on
When a breakout occurs (a price goes under period of X bars high/low) at some bar at some moment, it paints the bar green (breakout up) or red (breakout down).
Interest Rates and Central Banks
Interest rates play the most important role in moving the prices of currencies in the foreign exchange market. As the institutions that set interest rates, central banks are therefore the most influential actors. Interest rates dictate flows of investment. Since currencies are the representations of a country’s economy, differences in interest rates affect the relative worth of currencies in relation to one another. When central banks change interest rates they cause the forex market to experience movement and volatility. In the realm of Forex trading, accurate speculation of central banks’ actions can enhance the trader's chances for a successful trade....
see more here >>>
Some Heiken Ashi indicators:
Thanks man, that's a collection!
Great books.. I hope your host doesn't find out you put so much copyrighted material online..
fx1618.com Thanks a lot!!!