Absolute Gains 1.0

Metatrader (MT4) Indicator

"You don't need to be a weatherman to know which way the wind blows."
- Bob Dylan
The Pz Absolute Gains indicator calculates how much has an instrument won or lost in percentage terms during a period of time. It is useful to identify patterns, and find oversold or overbought situations.
  • Identify market patterns
  • Find decisive price movements
  • Be suspicious about overbought/oversold situations
It is an extremely easy to use indicator...
  • The blue histogram represents winning bars
  • The red histogram represents losing bars
  • The blue line represents the average winning bar
  • The red line represents the average losing bar
  • The gray line represents the overbought/oversold level
...with straightforward trading implications.
  • You can buy after an oversold bar takes place
  • You can short after an overbought bar takes place
  • You can buy after a decisive winning bar
  • You can short after a decisive losing bar

Screenshots

Frequently Asked Questions
Does the indicator repaint?