The indicator calculates forecast prices of the daily price range. It shows resistance and support levels of current day using the prices of the previous day. The formulae for calculation of price levels can be found in "The New Science of Technical Analysis" book by Thomas R. DeMark.
The indicator was first implemented in MQL4 and published in CodeBase at mql4.com 11.11.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/783
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.