The real author:
The author is unknown
The indicator of reversal points drawn on the week candlesticks. Average purple line is a pivot on the week candlesticks. Support and resistance levels are defined by the size of candlesticks.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 18.09.2007.
Fig.1 The WeeklyPivot indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1572
The trend indicator with three states.IncGUI_BitPicA
An updated version of the CBitPic class with the ability to control drawing transparency