Join our fan page
- Views:
- 7474
- Rating:
- Published:
- 2016.09.19 12:39
- Updated:
- 2023.03.29 13:47
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Real author:
RoboFx
The Balance of Power (BOP) indicator as a color histogram of strength and direction of the current trend. The histogram is colored according to the values input parameters for overbought and oversold levels and the movement direction of the histogram.
The indicator uses SmoothAlgorithms.mqh library classes (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".
Originally this indicator has been written in MQL5 and was first published in the Code Base on 07.02.2013.
Fig.1. The BalanceOfPower_Histogram indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16107

The Exp_RAVI_Histogram breakout trading system based on the signals of the RAVI_Histogram oscillator.

Another alternative to the Bollinger Bands® channel with colored inner area of the channel.

Semaphore signal indicator based on the relative smoothed rate of price change, which features alerts, sending emails and push-notifications to mobile devices.

The Exp_i-SpectrAnalysis_RVI EA is based on the signals generated by the i-SpectrAnalysis_RVI oscillator.