Technical Indicators for MetaTrader 4

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MetaTrader 4

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Indicators
MetaTrader 4
Yazhou Liu
1.0
20

Overview

This is an indicator based on PBX.It can show the current trend clearly.Anything you want do not hesitate to contact me

       Waterfall Line (PBX) is a main method of analyzing the trend of stock prices in the financial field, which was widely used in Europe and America in the early 1990s. Therefore, it is named as a waterfall when it converges and diverges downward. It belongs to the traditional trend line of general trend price. Its real name is the non-linear weighted moving average. It is composed of six non-linear weighted moving average lines. Each average line represents the cost of stock price in different time periods, which is convenient for comparative analysis.

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