The indicator displays divergences between a price chart and MACD histogram signal line. The divergences are shown on a chart as line segments. The trade signals are displayed as colored arrows, also it shows alerts.
This indicator was implemented in MQL4 and published in CodeBase 28.07.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/464
More smoothed Momentum with colored indication of the current trend.Trend power and direction indicator
This indicator paints the candlesticks in different colors depending on a trend power and direction.