Relative Power Ratio Indicator for MT4
Force is a very powerful companion that in professional trading today and every day moves the markets often so fast that even the most inexperienced can often not predict it well.
With the Relative Force Ratio Indicator, however, any trader can be a big step ahead of others in determining the current dominant force, because at the first glance at this indicator, everyone immediately knows where both sides of the force stand at any given moment.
- An indicator showing the ratio of forces
- User difficulty: Advanced
- Usability: Forex, Oil, Stock indices
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
The Relative Force Ratio indicator provides traders with information on how much relative force the bulls (blue candles of the indicator) and the bears (red candles of the indicator) are exerting on the markets at any given moment. In the chart below, it is then possible to see a situation in which there was an initial shift of forces from the bears to the bulls and the market then began to rise as expected.
The picture below shows the opposite situation, in which the balance of power turned in favour of the bears, which represented a sell signal at that moment, after which the market, as expected, started to fall really fast.
Download the Relative Force Ratio Indicator from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.