The AFL_WinnerV2 indicator identifies a trend change by established turnover areas at -50/+50 levels. In this version, the following input parameters:
input int HighLevel=+40; // overbought level input int LowLevel=-40; // oversold level
provide the ability to highlight the indicator entries into the overbought and oversold areas with color. Pale histogram tones are simply a rise or fall, bright tones show a rise or fall and an entry or exit.
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".
Fig.1. The AFL_WinnerV2 indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16145
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.