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Forum Guru
 
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Last Login: 3/9/2010 8:13:40 AM
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Indicator attached.
The description of this indicator was taken from the internet:
How does it work?
PSY, as an indicator, is the ratio of the number of rising periods over the total number of periods. It reflects the buying power in relation to the selling power.
If PSY is above 50%, it indicates that buyers are in control. Likewise, if it is below 50%, it indicates the sellers are in control. If the PSY moves along the 50% area, it indicates balance between the buyers and sellers and therefore there is no direction movement for the market.
Trading Signals
You may also look for a divergence signal. When the prices make a new high (low) while PSY does not make a new high (low), it signals the divergence. You should take caution when you trade.
Example:
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Bob Farlow
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Forum Guru
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Last Login: 3/9/2010 8:13:40 AM
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The indicator code is in this attachment.
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Bob Farlow
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Forum Newbie
Group: Forum Members
Last Login: 11/12/2009 8:36:31 AM
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| I cannot download the attachment. What can I do?
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Forum Newbie
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Last Login: 12/4/2009 4:23:17 AM
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| I have download problems too. Can you send me this indicator at my e-mail jensenc35@gmail.com?
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Forum Newbie
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| and at my e-mail davidramirez34@gmail.com
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Forum Guru
Group: Forum Members
Last Login: 3/9/2010 8:13:40 AM
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already sent
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Bob Farlow
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Forum Newbie
Group: Forum Members
Last Login: 12/4/2009 4:23:17 AM
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| I have just received your e-mail. Thank you.
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Administrator
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Last Login: Today @ 6:27:24 AM
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Sorry, we had some problems with the server. They are already fixed. You can download attachments now.
Best regards
-ACTFX© Forum Administrator
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Forum Guru
Group: Forum Members
Last Login: 3/9/2010 8:13:40 AM
Posts: 58,
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Ok. Thank you, Admin.
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Bob Farlow
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Administrator
Group: Administrators
Last Login: Today @ 6:27:24 AM
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I'm just doing my job 
Best regards
-ACTFX© Forum Administrator
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