Breakdown oscillator is based on the observation that the longer the price stays within the lower Bollinger Bands line, the higher the probability of its falling.
It has six input parameters:
Breakdown = 100.0 * EMA / Bottom
EMA = EMA(Difference,Period) Difference = Applied price - Bottom + Slope factor * (SMA-PrevSMA) Bottom = SMA - Deviation * StdDev StdDev - StandardDeviation(Applied price,Band period) SMA = SMA(Applied price,Period)
Fig. 1. Breakdown oscillator
Fig. 2. Breakdown oscillator+Bollinger Bands
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22343
Buying/Selling Pressure indicatorSkyscraper_Fix_Signal
Skyscraper_Fix_Signal indicator shows information on the current trend using the values of the Skyscraper_Fix indicator with a fixed timeframe.