Detailed explanation of how such an indicator would be built can be found here: The difference I see would be representing that as a line indicator (if that's possible for BloodHound to print line subgraph).

The Probability Meter For Use on MT4 platform only How to decrypt the Probability Meter values? All values and colors have to be watched closely. Multi-Info+: more than 75 (red/green) for strong Up/Down trend 2. Indice Strength: 0-1-2 for strong Down trend, 7-8-9 for strong Up trend, 3-4-5-6 for sideway 3. Currency pair range: range of 5 or more between the 2 currencies. First Time Driver Class Promo Code on this page. Example: 7-2, 9-3 etc for a strong Up trend.

0-5, 2-8 etc for a strong Down trend. 4 and 5: red color for Down trend, green for Up trend and Orange for sideway The global value in percent (%) have to be watch closely and with experience you will have feeling.

This value is the combination of the 5 values listed above. 75-80% is a good point for triggering a trade.

Government Required Disclaimer - Commodity Futures Trading Commission: T rading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite.

Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell Forex futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. NFA Required Disclaimer: Forex trading may not be suitable for all customers.

Forex trading involves a substantial risk of loss. Simulated conditions may differ from real conditions and traders should not necessarily expect the same results from live trading. DISCLAIMER: The information on this site is for educational purposes only. Forex trading is a risky business! Dsch 3.1 Software here. The Probability Meter The Probability Meter gives the most probable way where the trend is going. Because it is based on current feed and is updated each coming tick, this is a great tool for scalping or short term trading style. The global result in percent (%) is calculated with a strong formula according to a combination of price action, 13 standard indicators on 7 timeframes and 2 additional indicators.

Your 2 preferred mq4 trend indicators will be coded inside your personal Probability Meter. Ferru's Probability Meter is a tool that doesn't require a lot of screen time use with it to get the 'feel' for trades setting up. With all the info the meter gives and with your other confirming methods, 20 pips takes sometimes minutes to bank when you wait for the signals.