NearUSD

NearU$D displays the average value of the US dollar price deviation in points for a specified period in a subwindow of any trading instrument.

The following seven symbol charts are used to calculate the currency:

USDCHF, GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD, and NZDUSD.

Inputs:

• DigitsStyle - 4 (four and two digits) or 5 (five and three digits);
• 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 fourth indicator of the Near series.