NearONE displays the average value of the price deviation in points for a specified period in a subwindow of a selected trading instrument.
Inputs:
- DRAWs – number of bars to display the indicator;
- NearPeriod – indicator period.
If NearPeriod is 0, recommended periods are used for each chart timeframe.
If NearPeriod = 0:
- M1 timeframe – period = 60;
- M5 timeframe – period = 48;
- M15 timeframe – period = 96;
- M30 timeframe – period = 192;
- H1 timeframe – period = 96;
- H4 timeframe – period = 312;
- D1 timeframe – period = 30;
- W1 timeframe – period = 12;
- MN1 timeframe – period = 9.
This is the first indicator of the Near series.
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