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Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

votes: 7
2006.09.08 12:46
2014.04.21 14:54
_Drive.mq4 (2.22 KB)view

Green above Red -> Up.

Red above Green -> Down.

Periods that seem useful are 4, 16, 128.

Value is calculated as follows:

Up (Green) = ((High - Open) + (Close - Low))/2, averaged for the selected period;

Down (Red) = ((Open - Low) + (High - Close))/2, averaged for the selected period.

This may have another name or be similar to an existing indicator. I've made up the name drive. Please drop me an email if you've run into a similar indicator before -

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