This script graphics the "fantastic 4" area, was created by oliver velez and is used in the opening of the american stock market, determined by:
1- ma200 at the closure of the previous day
2- ma20 at the closure of the previous day
3- price of previous day closure
4- activity of the last 30/60 min prior to the closure of the previous day (search the maximum...
Indicator returns an average of 5 SMAs. an interesting point that I have noticed that the price has several times reacted on it.
Note 1: Do not just use this as a criterion for buying and selling, use as one more aid.
Note 2: It is possible to leave in the chart all the averages, if you feel it...
El script describe las sesiones de forex new york, tokio y londres los mas importantes, siendo su uso mas para el estudio de como afecta e influye las sesiones en una estructura de mercado. el script es editable de acuerdo a los parametros que quieras estudiarlos.
Code for All 4 Forex Sessions W/ Background Highlight!!!
thank you ChrisMoody