Trend indicator. The location of the histogram and the signal line of the indicator relative to the 0 level can serve as the reference mark to determine the trend. The intersections of the signal line and the histogram, where the histogram color changes, can serve as signals for performing trades.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 25.10.2007.
Fig.1 The StepSto_v2 indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16217
The Exp_i-SpectrAnalysis_Chaikin Expert Advisor is based on change of direction of the i-SpectrAnalysis_Chaikin indicator.Exp_BalanceOfPower_Histogram
The Exp_BalanceOfPower_Histogram Expert Advisor is based on change of direction of the BalanceOfPower_Histogram indicator.