The simplest moving-like indicator. The formula for the calculation:
PLdot = SMA(Period=3, (High[bar] + Low[bar] + Close[bar]) / 3)
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 31.05.2008.
Figure 1. The PLdot indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1717
A simple trend indicator in the form of a colored cloudXPoints
The indicator predicts the possible reversal points