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Published:

16 January 2014, 11:08

Updated:

22 November 2016, 07:32

stoneaxe_x3x.mq5 (8.08 KB) view

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Real author:

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 Ltd.
Original code: https://www.mql5.com/ru/code/1953

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StoneAxe_x3x - indicator for MetaTrader 5