The X2MA Moving Average turned to the oscillator using the normalization of its values in the range from 0 and to 100.
For more visual perception the resulting indicator has been shifted down to the fifty values.
Fig.1 The X2MA, X2MA_Osc and ColorX2MA_Osc indicators
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1330
This indicator displays the market activity in percentageVolatility
A volatility indicator displays the amount of the corridor price movements for N period in points