The purpose is to simplify the use of different oscillators by collecting the most popular oscillators in the indicator and also except for the simple levels add two dynamic types realized on the basis of a Moving Average and Bollinger bands.
In order not to post some screenshots, there are some variants of the indicator with different parameters:
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1452
The market volatility indicatorExp_SuperWoodiesCCI
The trading system drawn on the basis of the signals of the SuperWoodiesCCI indicator