NearONE displays the average value of the price deviation in points for a specified period in a subwindow of a selected trading instrument.
Inputs :
- DRAWs - number of bars to display the indicator;
- NearPeriod - indicator period.
If NearPeriod is 0 , recommended periods are used for each chart timeframe.
If NearPeriod = 0:
- M1 timeframe - period = 60 ;
- M5 timeframe - period = 48 ;
- M15 timeframe - period = 96 ;
- M30 timeframe - period = 192 ;
- H1 timeframe - period = 96 ;
- H4 timeframe - period = 312 ;
- D1 timeframe - period = 30 ;
- W1 timeframe - period = 12 ;
- MN1 timeframe - period = 9 .
This is the first indicator of the Near series.
