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Views:: 4760
Rating:: (13)
Published:: 2018.10.25 18:35

Aroon_Horn.mq5 (8.74 KB) view

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Aroon Horn oscillator is based on Aroon indicator. The indicator displays a trend direction filtering minor fluctuations.

It features two adjustable parameters

Period - Aroon calculation period
Filter - filter size

Calculation:

AH = 10.0 * (Up-Dn) / Period

where:

Up = 100.0 * (Period-MaxBar+index) / Period
Dn = 100.0 * (Period-MinBar+index) / Period
MaxBar, MinBar - High and Low prices index in the Period range
index - current bar index

A bullish trend is displayed in green
A bearish trend is displayed in red
Sorted out values are displayed in gray

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22182

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