The simplest oscillator based on the difference between the price and its Moving Average. The oscillator is smoothed and displayed as a color histogram.
The indicator is calculated by the following formula:
XDPO(i) = MA(Close(i) - MA(i, N),M)
where N — MA period, M — indicator smoothing period
The indicator uses the classes of SmoothAlgorithms.mqh library (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 01.09.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15289
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.