Market Barometer EURUSD
Hi guys, here is a single currency pair version of the Market Barometer. This indicator averages the values for the EUR and USD, then displays the values in histogram form (based on the time frame of chart that is running the indicator). Any value +/- 50 is over extended. This indicator was created for the 4X Global members, but I got permission to release it to the entire Tradingview community.
** IMPORTANT - This indicator will ONLY work for the EURUSD. If you apply this indicator to another currency pair, it will still display values for the EURUSD.
***IMPORTANT - This indicator takes a second to load all of the remote data. For me it usually takes 5 to 8 seconds depending on the chart, time frame, etc...
4X Global folks - this indicator will not completely duplicate the Traders Desktop version. Why? Because the Traders Desktop version combines multiple time frames and chart types to produce their output. However, I have found this indicator to be very helpful/accurate on the 4 hour time frame. Still very helpful on other time frames, but the turns on the 4 hour are fantastic. Hope that helps.
** IMPORTANT - This indicator will ONLY work for the EURUSD. If you apply this indicator to another currency pair, it will still display values for the EURUSD.
***IMPORTANT - This indicator takes a second to load all of the remote data. For me it usually takes 5 to 8 seconds depending on the chart, time frame, etc...
4X Global folks - this indicator will not completely duplicate the Traders Desktop version. Why? Because the Traders Desktop version combines multiple time frames and chart types to produce their output. However, I have found this indicator to be very helpful/accurate on the 4 hour time frame. Still very helpful on other time frames, but the turns on the 4 hour are fantastic. Hope that helps.