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Published:
2015.07.03 11:13
Updated:
2016.11.22 07:32

This RVI oscillator analogue is calculated based on four Relative Vigor Index indicators.

All editable variables are implemented as indicator input parameters. However, keep in mind that these variables are interdependent to some extent, so you should adjust them more carefully!

FactorN input variables represent the unit weight of RVI with number N in total indicator value.

Fig.1. The ColorZerolagRVI indicator

Fig.1. The ColorZerolagRVI indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/13178

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The indicator determines and marks WRB (Wide Range Bars or Wide Range Bodies).

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The ColorZeroLAG_MA indicator with the timeframe selection option available in the input parameters.

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The indicator shows current trend direction by placing colored dots on the main chart.

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The ColorZerolagStochs indicator with the timeframe selection option available in the input parameters.