Swing Index is a math expression of the operations activity for the last two bars.
The indicator marks an "actual" instrument price by binding the current (Open, High, Low and Close) and previous prices. The data concerning the open prices must be available for the index calculation.
The following index characteristics should be noted:
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/513
The Mass Index is intended for detection of trend reversals based on changes in the bandwidth between the highest and the lowest prices.BarTimer
The current time position in relation to the beginning and the end of the bar is shown. In addition the ratio between the time passed since the beginning of the bar and the whole bar duration expressed in percents is given. It is useful for choosing the moment of making a trade decision.