The TradeBreakOut indicator reveals the distance from the actual price (Close or Maximum/Minimum prices) to the breakthrough of recently set support or resistance levels which were defined using local maximums and minimums.
When the green line reaches the zero point moving upwards, it speaks of the bullish breakthrough of the local maximum. When the red line reaches the zero point moving downwards, it signals about the bearish breakthrough of the local minimum. The more the distance from the zero level, the less the possibility of the breakthrough.
Fig.1 The TradeBreakOut indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1600
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.