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Are you accustomed to using the standard library? MQL5 has one!
Automated-Trading
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Automated-Trading 2012.02.02 10:49

BBSqueeze:

Unnormalized symmetrical oscillator based on the linear regression algorithm with the simplest trend power indicator.

The moment when the histogram changes its color is the best market entry signal. Gray dots show that the trend is less than its effective value. Blue dots show that the trend is strong.

Author: Nikolay Kositsin

BBSqueeze 

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