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Published:

27 September 2018, 15:32

Deviation_Oscillator.mq5 (9.74 KB) view

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Deviation Oscillator - a volatility oscillator which represents a difference between the price and the MA, normalized within the selected range.

There are four input parameters:

MA period - MA period;
Min/Max period - the range of values for normalization;
Method - calculation method;
Applied price - price used for calculations.

Calculations:

DO = nf * (PD - Min) - 100.0

where:

PD = Applied price - MA(Applied price, MA period, Method)
nf = 200.0 / (Max-Min)

Max, Min - the maximum and minimum PD values in the 'Min/Max period' range.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21713

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The DHLBO (Dynamic High/Low Band Overlay) indicator shows on the price chart two bands calculated based on the range Highs/Lows.

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Deviation_Oscillator - indicator for MetaTrader 5