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You liked the script? Try it in the MetaTrader 5 terminal
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- Published:
- 2022.05.12 18:24
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Description of the indicator:
Two indicator buffers ( OBJ_ARROW ):
- if the 'Close' price is higher than the iMA indicator - assign the value '2', if it is lower - the value '-2'
- if the 'main' line of the stochastic is less than 'Value Level #1' - assign the value '1', if the 'main' line of the stochastic is greater than 'Value Level #2' - assign the value '-1'
Pic. 1. Equal garden Arrow ((iMA and iStochastic added manually for visualization)

Version 2: extended functionality (added a few extra options)

A simple indicator plotting a channel with a constant range

Strategy based on the 'DeMarker' indicator, working with pending orders

Histogram between price and indicator or between two indicators