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2015.04.10 15:40
Indicators

TrendlessAG_Hist - indicator for MetaTrader 5

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\MQL5\Include\

Original author:

Barmaley

The trendless indicator (oscillator) is based on the book "Trading with DiNapoli Levels" by Joe DiNapoli and made as a colored histogram. Additionally, smoothing of the final indicator is performed.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Fig. 1. The TrendlessAG_Hist indicator

Fig. 1. The TrendlessAG_Hist indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/12585

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