This indicator was implemented in MQL4 and published in CodeBase at mql4.com 14.02.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/776
Simple trend indicator.wlxBWACsig
The indicator shows entry signals based on Accelerator Oscillator.
The channel is based on the prices extreme values for a period. Central line, upper and lower channel borders values are determined by calculation of the Pivot Points used as assumed support and resistance levels.SeNSetiVe
The trend indicator that gives signals for performing deals. The indicator color depends on the market movement direction determined by the indicator position relative to the zero line.