This indicator shows the "ultimate support/resistance" levels of current trend. Trend changes is shown with color rectangles, trend direction is shown with colored dots. The direction of trend is determined by dynamics of moving average, the support/resistance levels depend on current volatility and calculated using the Average True Range (ATR) indicator.
This indicator was first implemented in MQL4 and published in CodeBase at mql4.com 26.04.2008.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/785
This typical signal indicator is based on Stochastic oscillator and Fractals technical indicators.J_TPO_Velocity
Typical unnormalized oscillator displayed as a color histogram.