A semaphore signal indicator that uses Moving Averages. The signals are formed at the bend of Moving Averages when there are local extremes.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 24.03.2008.
Figure 1. The IINWMARROWS indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1739
The oscillator shows the rate of change of the AMA indicatorOnChart_RSI
The RSI oscillator located directly on the chart