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M5 price is located within SMA with period 100 (100 SMA) and SMA with the period 200 (200 SMA) waiting for the direction for the possible breakout or breakdown.

• If the price will break 86.18 resistance level so we may see the bullish trend to be started on this timeframe.
• If price will break 85.97 support so the price will be reversed to the primary bearish condition.
• If not so the price will be ranging within the levels.

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Tags: cad/jpy, cadjpy, sma, technical analysis

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Daily price is on bullish market condition located near and above 100-day SMA (100 SMA) and 200-day SMA (200 SMA) for the ranging within the following key s/r reversal levels:

• 2052.09 resistance level located above 200 SMA/100 SMA ranging area of the chart, and
• 2004.58 support level located near and below 200 SMA in the beginning of the bearish area.

RSI indicator is estimating the ranging bullish trend to be continuing. ...

Tags: s&p 500, stock market

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W1 price is on primary bullish condition with secondary correction with good possibility to reversal. The price was on correction since the middle of january this year: price was bounced from 1.2922 to start to be ranging near Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart.

• Tenkan-sen line crossed Kijun-sen line of Ichimoku indicator to below which is indicating the primary bearish market condition in the near

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Tags: ichimoku, technical analysis, usdcad

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• Weekly price broke Ichimoku cloud for the bearish reversal to be bounced from 1.4465 support level;
• The price is started to be ranging within 1.4465 support and 1.5837 bullish resistance level near Ichimoku cloud;
• AbsoluteStrength indicator is estimating the bearish trend to be continuing with the secondary ranging.

Trend:

• D1 - ranging bearish
• W1 - bearish breakdown
• MN1 - correction

Tags: euraud, technical analysis

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Table of Contents

• Introduction
• 1. Generally accepted method of evaluating the RSI indicator
• 2. Area method
• 3. RSIAreaIndicator_v1
  
  • 3.1. Creating a draft for an indicator
  • 3.2. Filling the indicator header line
  • 3.3. Editing the indicator's OnInit() function
  • 3.4. Creating the additional indicator function
  • 3.5. Creating the main operation code of the indicator
  
  
• 4. RSIAreaExpert version 1.00 — Expert Advisor
  
  • 4.1. Editing the Expert Advisor's header line

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Tags: metatrader, mql4, mql5, rsi

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