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Indicators

Asymmetric bands oscillator - indicator for MetaTrader 5

Mladen Rakic
Views:
4898
Rating:
(9)
Published:
2019.01.24 14:55
Download as ZIP, How to download code from MetaEditor
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Theory :

This indicator is using the asymmetric way of calculating the bands instead of using same distance for up and down bands, and then it is converted to an oscillator. One of the 4 possible average types can be used :

  • simple moving average
  • exponential moving average
  • smoothed moving average
  • linear weighted moving average

Usage :

The oscillator can be used as an estimator of the current trend strength


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