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Indicators

PAIN - indicator for MetaTrader 5

Scriptor | English Русский 中文 Deutsch

Views:
178
Rating:
votes: 5
Published:
2018.07.09 13:45
Pain.mq5 (10.39 KB)view

Oscillator PAIN (Price Action Indicator) displays the OHL3C candlestick price ratio over a specified period of time.

It has two parameters:

  • Period - calculation period;
  • Method - calculation method.

Calculation:

Pain = (3*MA(Close) - MA(Open) - MA(High) - MA(Low)) / 2

where:

  • MA - moving average with the Period time period and the Method calculation method.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21108

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