Near7EXCHANGEs displays average values of price deviations for seven currencies in points for a specified period in a subwindow of any trading instrument.

Symbols: CHF, GBP, EUR, JPY, CAD, AUD, and NZD.

Inputs:

• DigitsStyle - 4 (four and two digits) or 5 (five and three digits);
• 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.

The following 20 symbol charts are used to calculate all seven currencies:

USDCHF, GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD, EURGBP, EURCHF, EURJPY, GBPCHF, GBPJPY, AUDNZD, AUDCAD, AUDCHF, AUDJPY, CHFJPY, EURNZD, EURCAD, NZDJPY, and NZDUSD.

This is the third indicator of the Near series.