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OCHL Ratio MT4 Indicator  
Trade Finder for MT4
Requirements
MT4 - MetaTrader 4
Version 4.00 Build 1160 or greater
Overview

The OCHL Ratio indicator is similar to the MACD but can be tweaked to give some very different readings. It uses a ratio between the Open & Close verses the High & Low of the candle. It includes a Smoothing factor as well as a Signal. It can be used as an ENTRY or EXIT indicator when used in combination with other indicators. The Signal can be a SMA, EMA, SMMA, LWMA, moving average as well as an RVI type. The RVI type follows the OCHL main rather closely.

The GREEN and RED dots signify when the main has crossed UP or DOWN over the Signal. The WHITE and ORANGE dots represent when the indicator has crossed ABOVE or BELOW the "0.0" level.

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