This oscillator displays its values considering RSI (Relative Strength Index) technical indicator. RSI indicator is displayed in orange, cloud color changes depending on a trend direction. Blue color is used for buy signal, while magenta color is used for sell signal.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 18.10.2007.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/604
DeMarker indicator with the possibility to select smoothing algorithms that is made in color with dynamically changing oversold and overbought levels.LinearRegSlope_V1
Unnormalized oscillator based on the linear regression algorithm.