If we try to evaluate it according to its indicative attributes without paying much attention to its code, we will find out that it is an ordinary unnormalized oscillator and it is possible to apply to it all appropriate technical analysis methods. The indicator was presented in two variants - as a line (Entropy.mq5) and as a multicolored histogram (ColorEntropy.mq5).
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 5.07.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/397
The "Support and Resistance" indicator shows the support and resistance levels using the Fractals indicator by Bill Williams.Module of Trade Signals, based on BrainTrend2 indicator
A Lime candle of BrainTrend2 indicator is a signal to open a long position, a Magenta candle is a signal to open a short position.