An indicator of trend power with eight states. A growing trend is light blue and blue, the falling is red and yellow. Dark color indicates a strong trend, light color - a weak one.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 22.02.2008.
Figure 1. The StepChoppy_v2 indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1882
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.