The charts of linear reversal represent a series of vertical boxes (lines) which direction and size are determined by dynamics of prices. This type of charts is drawn on close prices and considers neither timeframe, nor volume.
The main advantage is lack of a freely defined reversal value as far as it is signaled by the market behavior. The chart sensitivity of the three linear breakthrough can be regulated by changing number of lines that market should break to design the reversal.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1298
The Exp_ColorNonLagDotMACD Expert Advisor drawn on the basis of the signals taken from the ColorNonLagDotMACD histogramExp_AML
Trading system using the AML trend Moving Average