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Published:

2018.06.06 13:10

Drive.mq5 (13.34 KB) view

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The oscillator indicator shows a ratio between bullish and bearish candlesticks over the selected period.

It has two parameters:

Period - calculation period
Method - the method of smoothing

Indicator calculation:

Up (Green) = ((High - Open) + (Close - Low))/2, the average value over the selected period;
Down (Red) = ((Open - Low) + (High - Close))/2, the average value over the selected period.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20333

DMA

Dynamic Moving Average

Candle_Ratio

The ratio of bullish to bearish candlesticks over the selected period

EVWMA

Elastic Volume Weighted MA

LWPI

Larry Commerical Proxy Index

Drive - indicator for MetaTrader 5