Free download of the 'MATWO' indicator by 'ExpertTrader' for MetaTrader 4 in the MQL5 Code Base

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: MATWO.mq4 (1.97 KB)view

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You can read it easily, if the signal line (level 2) crosses the zero line, you should prepare to moving of the price in the direction of the intersection, the formation of a top or a bottom represents a probable reverse or a correction. This kind of intersections and formations on the hystogram (level 1) are the confirmative signals.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8307

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The name is self-explanatory. The error that presented in the previous implementations is corrected here.

MATWO - indicator for MetaTrader 4