The main feature of this indicator is concealed in its name "Explosion".
The indicator shows the moments of the market acceleration. Besides, it indicates appropriate time for buying, selling and market exit.
This indicator was first published in Code Base at mql4.com 06.03.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/531
StepMA is executed as a moving average.Smoothed ADX
There are a lot of smoothing algorithms. This indicator is a smoothing of standard ADX.