The oscillator shows standard deviation calculated on the difference between the High and the Low.
It has two input parameters:
HL_StdDev = Standard Deviation (HL)
HL = High-Low
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20914
Two channels by the High and Low of MA.ADX_Difference
Indicator of the difference between ADX and ADX as of N periods ago.