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Published:

2018.12.18 19:21

Track_Cyclical.mq5 (12.76 KB) view

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Track Cyclical oscillator displays percentage price change relative to its moving average.

The indicator has nine adjustable parameters:

Period - calculation period
Method - calculation method
Applied price
Exceptional overbought - overbought area in the area of exceptional fluctuations
Abnormal overbought - overbought area in the area of abnormal fluctuations
Normal overbought - overbought area in the area of normal fluctuations
Normal oversold - oversold area in the area of normal fluctuations
Abnormal oversold - oversold area in the area of abnormal fluctuations
Exceptional oversold - oversold area in the area of exceptional fluctuations

Calculation:

TC = 100.0 * (Applied price-MA) / MA

where:

MA - SMA(Applied price,Period,Method)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22436

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Track_Cyclical - indicator for MetaTrader 5