from MetaStock by Rosh
Three normalized oscillators on one chart.
The formula for the calculation:
StoneAxe(bar) = 200 * ( Close[bar] - Lowest(bar, period) ) / ( Highest(bar, period) - Lowest(bar, period) ) - 100
This indicator was first implemented in MQL4 and published in the Code Base at mql4.com on 02.02.2008.
The StoneAxe_x3x indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1953
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.