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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

...

Tags: metatrader, mql4, mql5, rsi

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Weekly price is on primary bullish trend located above 100-period SMA and 200-period SMA for the secondary correction: the price was bounced from 1.4386 support level for the ranging within key bullish s/r levels.



If the price breaks 1.4386 support level so the bearish reversal will be started with the secondary ranging.
If the price breaks 1.6103 resistance level so the bullish trend will be continuing.
If not so the price ...

Tags: eurcad, technical analysis

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Contents

• Introduction
• Event Model Based on Centralized Processing, ENUM_MARKET_EVENT_TYPE
• Access to Events Occurring on Other Instruments, the MarketEvent Structure
• The "New Bar" Event. New Tick and Bar Detection Algorithms
• The CPositionMT5 class — Basis of the Platform-Independent Algorithm
• Trading Strategy Prototype — the CStrategy Class
• Conclusion

more...

Tags: centralized processing, cpositionmt5

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W1 price is located between 200 period SMA and 100 period SMA for the ranging market condition within the following key reversal support/resistance levels:

• 2.0418 resistance level located above 100 SMA/200 SMA area in the primary bullish area of the chart, and
• 1.7926 support level located near 200 SMA on the border between the primary bearish and the primary bullish area.

Trend:

• D1 - ranging bearish
• W1

...

Tags: gbp/aud, gbpaud, technical analysis

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