NearONE displays the average value of the price deviation in points for a specified period in a subwindow of a selected trading instrument.

Inputs:

• 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 first indicator of the Near series.