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The idea is simple - and it is one variation of dividing price by volume. A simple moving average is taken as the price. I have not found any serious value of the sign for forecasting.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/50133
RSI MA Signal Indicator
A simple signal indicator based on RSI and Moving Average. Plots Buy/Sell arrows when RSI is above/below 50 and Price is above/below the MA.
Wave Weis Bar Force
WaveWeisBarForce is a custom indicator based on Weis Waves logic. It accumulates volume into directional waves (bullish or bearish) and displays them as histograms with intensity levels. Bullish waves: 4 levels of green, from light to Lime. Bearish waves: 4 levels of red, from light to Red. WaveMax (white): shows the bar with the highest volume inside each wave. WaveClimax (yellow): highlights record accumulated volume across waves. This indicator helps traders visualise market pressure by volume accumulation and wave intensity, improving intraday and swing analysis.
CVD (Cumulative Volume Delta)
Lightweight CVD (Cumulative Volume Delta) for MT5 — M1-based, shows buy/sell pressure as candles with optional resets.
Custom Exponential Moving Average (EMA) Indicator for MT5
This indicator calculates and displays the Exponential Moving Average (EMA) on the MetaTrader 5 chart. Fully customisable period. Allows selection of the applied price (Close, Open, High, Low, Median, Typical, Weighted). Uses the standard EMA formula, initialised from an SMA of the first bars. Can be used as a standalone technical analysis tool or integrated into automated trading systems for trend-following and moving average crossover strategies.