FUTURES ROBOT SOFTWARE	FOREX INDICATOR STUDIES
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Studies

Insert this efs into any chart, and it will automatically run the following studies:

1. Disparity Bars ( no alerts )
2. Previous High
3. Previous Low
4. Daily Pivot
5. Auto Stochastic Alert Bands
6. Candlestick recognition ( in trends only )

Disparity Bars

The study constantly monitors the most recent disparities in 4 categories.  If present, a horizontal bar is drawn.  Red horizontal bar for bearish over the high pivots.  Blue horizontal bar for bullish under the low pivots. Disparity = Divergence.

Primary and Secondary Confirmation of a disparity signal should always be obtained.

Primary Confirmation, is the breach of the pivot bar that gave the disparity.
Bullish Disparity Example: This would be the price rising above the Swing Low bar high that gave the disparity bar.
As this is a primary confirmation, you should then look to your charts for Secondary Confirmations of Gann, Fibonacci and whatever else you are using.

Edit Studies options include:

• Show Disparity
• Disparity Bullish Bar Color
• Disparity Bearish Bar Color
• Disparity Bar Width
• Disparity Bar Thickness

Previous High / Previous Low

These 2 studies are used in tandem on a chart and provide vital information as to where price went to the previous DAY.
These are 2 support/resistance areas you must be aware of while trading.
Often these areas will 'line up' with other important 'lines', such as the Gann SQ9, this giving you a 'cluster' of support/resistance.

Edit Studies options include:

• Show PH/PL
• PH Color
• PH Bar Thickness
• PL Color
• PL Bar Thickness

Daily Pivot

The central Daily pivot is another extremely important level to trade around.

Edit Studies options include:

• Show Pivot
• Pivot Color
• Pivot Bar Thickness
• Pivot Line Style

Stochastic OB/OS Bands (vertical)

This section of the script will automatically color the background of the chart, whenever the price goes into
Overbought or Oversold territory, based on your settings.

Edit Studies options include:

• Show Stoch
• %K, %K, %D settings ( default is 14,3,3 )
• OB Threshold ( default is 80 )
• OS Threshold ( default is 20 )
• Overbought Color
• Oversold Color

Candlesticks

If the Edit Studies option is checked true, then candlestick patterns will print, if a trend has been calculated.
Please see the Help Page for Candles for further information and picture of how the candle labels print.

Example: AIO except Stochastic Bands

Example: Showing Stochastic Bands enabled