Disparity Index

The Disparity Index Indicator will show the percentage difference between the previous candle’s closing price and the specified moving average.

Traders can use the Disparity Index to look for upward price momentum when the Disparity Index is greater than zero. Likewise traders can look for downward price momentum when the Disparity Index less than zero.

This indicator was developed on FXCodebase.

INPUTS

The following are inputs available in the application:

• Period – determines number of candles used to calculate the moving average
• MA Method – select the calculation method used to create the moving average (MVA = Simple Moving Average, EMA = Exponential Moving Average, LWMA = Linear Weighted Moving Average, TMA = Triple Moving Average, SMMA = Smoothed Moving Average, KAMA= Kaufman Adaptive Moving Average, VIDYA = Variable Index Dynamic Moving Average, WMA = Weighted Moving Average)
• Color of Disparity Index – color of the indicator line
• Line width – width in pixels of the indicator line
• Line style – style of the indicator line

Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.

Requirements

This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).