Technical Indicators for MetaTrader 4

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MetaTrader 4

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Progres

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79 $59 $

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Indicators
MetaTrader 4
Oleksii Ferbei
1.1
5

Overview

The Progres indicator uses calculations designed to smooth out sharp fluctuations that do not affect the overall picture of price movement.

This is an auxiliary tool for technical analysis, which helps to determine the direction of the trend: either upward or downward price movement on the selected trading instrument. The indicator is a trend-type indicator; it smooths out price fluctuations during signal formation by averaging data.

The trend can be ascending (bullish) and decreasing (bearish). In most cases, the trend grows for a long time and falls sharply, but there are exceptions in everything. The price movement can be influenced by economic and political news.

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