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Published:

2018.10.25 18:37

Skyscraper.mq5 (22.4 KB) view

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Real author: TrendLaboratory

A trend indicator of NRTR type with an additional middle line.

//+----------------------------------------------+
//| Indicator input parameters                   |
//+----------------------------------------------+
input uint    Length=10;             // ATR period
input double  Kv=0.9;                // Indicator sensitivity factor
input double  Percentage=0;          // Middle line approaching the extreme lines
input Method  HighLow=MODE_HighLow;  // Indicator calculation by High/Low or Close

Fig. 1. Skyscraper

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22177

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Skyscraper - indicator for MetaTrader 5