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Relative Charts 1.0

Metatrader Indicator (MT4/MT5)

  • Overview

    The Relative Charts indicator creates a mean-reversion chart using a moving average as a reference, effectively detaching ourselves from the changing value of fiat currencies.

    • Get a mean-based view of the market
    • Find real overbought/oversold situations easily
    • Isolate your perception from the changing value of fiat currencies
    • The center line represents the moving average
    • Your imagination is the limit with this indicator
    • Customizable chart period and bollinger bands settings

    This indicator is especially useful to trade assets denominated in fiat currencies -like commodities, shares or stock indices- because the value of these currencies is not stable over time, rendering long-term technical analysis unreliable.

  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Chart Period
    The period of the moving average to use as a reference. Recommended values are 50 (short term), 100 (mid term) or 200 (long-term).
    MA Period
    Period for the Bollinger Bands indicator.
    Deviations
    Deviation multiplier for the Bollinger Bands indicator.
  • ? FAQ
    Does the indicator repaint?
    No, it does not. Once a bar closes, it will not repaint.
    How can I trade it?
    Look for longs when the price is below the center line and the lower bollinger band. Likewise, look for shorts when the price is above the upper bollinger band.
    Does the indicator implement alerts?
    No, it does not.
  • Comments

    Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

Screenshots

Relative Charts Indicator for Metatrader
Relative Charts Indicator for Metatrader
Relative Charts Indicator for Metatrader
Relative Charts Indicator for Metatrader
Relative Charts Indicator for Metatrader