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Views:: 2986
Rating:: (11)
Published:: 2018.12.18 19:10

MaDevOsc.mq5 (10.29 KB) view

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Like Deviation from MA, the indicator displays values of maximum deviation between MA and the price. However, unlike Deviation from MA, it uses a colored histogram in a separate window.
Frames are used to detect maximum values (as when searching for fractals).

It has four inputs:

Period - МА calculation period
Method - МА calculation method
Applied price - МА calculation price
Frames - size of one frame, within which the search for a maximum deviation is performed

Detected maximum deviations within a frame are marked with colored histogram columns:

maximum deviation downwards from МА is marked in blue
maximum deviation upwards from МА is marked in red.

Fig. 1. Deviation from MA oscillator

Fig. 2. Deviation from MA oscillator + Deviation from MA

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22601

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MaDevOsc - indicator for MetaTrader 5