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
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.