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Real author:
Nick A. Zhilin
A trend indicator of the series of indicators without averaging.
Yellow color occurs when the trend changes. The growing trend colors the line in purple, and falling trend - in pink.
This indicator was first implemented in MQL4 and published in CodeBase at mql4.com on 12.09.2007.

Figure 1. The DynamicRS_C indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2329
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