MetaTrader 4 MT4 Indicators AggM – indicator MetaTrader 4

AggM – indicator MetaTrader 4

Description:

AggM is a composite trend and mean-reversion indicator.

The calculation:

rank_long = PercentRank(10 period HLC, Close)
rank_short = 1 – PercentRank(200 period HLC, Close)
value = (rank_long + rank_short) / 2
AggM = (value[1] * 0.4)+(value[0] * 0.6)

Strategy:

Long above 0.7, Short below 0.2


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Alternative:   AML_StDev - indicator MetaTrader 5