INDICATOR of FORCES

The indicator compares power of buyers and sellers in the market. The relative strength of buyers provided blue histogram, and sellers - pink. So you see, which side is currently dominating the market.

The indicator works on gold level (0.618, 1.618, 2.618 ...).

Balance (equilibrium) between two opposing forces occurs when the indicator is very close to the value of 1.0. This means that the market is in flat.

When the imbalance force their values ​​move away from 1 in both directions.

Overbought and oversold levels:

• If the blue histogram falls below 0,618 (0.382 and even more), the price - oversold.


• If pink histogram falls below 0,618 (0.382 and even more), the price - overbought.

Note: Changes in the balance of forces is a key element of the system. In this regard, of particular importance it is the second indicator designed specifically for tracking them. I called him FORCES-VARIATION. The indicator has the form of a red line and green histograms (see. Video).

you can learn more about the system (in English) here:

https://www.mql5.com/en/blogs/post/226558

Video