The indicator shows the Keltner Channel — a classic technical indicator developed by Chester Keltner in 1960. It may look similar to Bollinger Bands.
It uses three chart lines: middle line is a 10-day simple moving average by typical prices ((high + low + close) / 3), upper and lower lines are formed by adding and subtracting the moving average of daily price range (difference between maximum and minimum) from the middle line. Therefore, it forms a channel based on volatility.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13258
The Exp_ColorZerolagRSIOSMA Expert Advisor is based on the ColorZerolagRSIOSMA histogram change of direction.BollingerBands_b_HTF
The BollingerBands_b indicator with the timeframe selection option available in the input parameters.
The script controls the display of time and price scales for all open charts or only for one chart.MultiColorZerolagTriXOSMATrend_x10
The MultiColorZerolagTriXOSMATrend_x10 indicator shows information on current trends using the ColorZerolagTriXOSMA indicator direction from ten different timeframes.