Simple Max-Min channel with a slope. In fact, this is the Donchian channel with a slope. If the xslope input parameter is equal to zero, then the indicator becomes a regular Donchian channel. Use the Moving Average of the Momentum.
Originally this indicator has been written in MQL4 and was first published in the Code Base on 23.12.2015.
Figure 1. The MaxminChannelWithSlope indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14725
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.