The WPR oscillator with the boundaries of the overbought/oversold areas in the form of Bollinger Bands.
Indicator input parameters:
input uint Length=12; // WPR period input double BandsDeviation=2.0; // Deviation input bool MA_Method=true; // Use smoothing for Bollinger Bands input int Shift=0; // Horizontal indicator shift in bars
Fig.1. The FX5_SelfAdjustingWPR indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13681
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.