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Views:: 5600
Rating:: (14)
Published:: 2018.08.23 11:29
Updated:: 2018.08.23 11:34

Wildhog.mq5 (9.96 KB) view

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Wildhog oscillator displays asset's overbought/oversold states, as well as searches for divergences. It works on any timeframe.
The system is based on the last High, Low and Close eight bars.

The indicator has three input parameters:

Period - calculation period
Overbought - overbought level
Oversold - oversold level

Calculation:

Wildhog = 100 * (Close-Min) / (3 * (Max-Min)) + PrevWildhog

where:

Max, Min are the highest and lowest prices within the Period interval

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21393

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