The FRX Pure indicator is an innovative tool that allows you to identify transactions that have a great impact on the market trend.
These include transactions made by major players, such as hedge funds and banks.
Large players often do not focus on individual currency pairs, but trade in baskets.
The FRX Pure indicator allows you to analyze such price patterns and use them to your advantage.
Due to the accurate calculation of several currency pairs based on ticks, the FRX Pure indicator does not work in the Strategy Tester.
Due to the accurate calculation of several currency pairs based on ticks, the FRX Pure indicator does not work in the Strategy Tester.
When working with the Japanese yen, for example, you are looking for corresponding strong movements on all currency pairs with the JPY.
Each FRX PURE line represents one currency pair with the JPY.
You need to reduce the scale of the graph as much as possible.
Make sure that each currency pair is displayed in the “Market Overview” window.
After the first launch of MT4, it is recommended to periodically update the FRX Pure and change the timeframe so that the lines are displayed closer to each other.
The program allows you to get a constant stream of ticks and, therefore, accurately determine the transactions occurring simultaneously.
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- Currency: the currency for which the pairs will be tracked.
- Mirror: mirroring currency pairs. If the Mirror parameter is set to true, the bullish lines change to bearish ones.
- ShowAsk: If the parameter is set to true, the FRX Pure indicator will use the Ask price instead of the Bid for calculations.
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