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Smart Price Oscillator MT5

The indicator (oscillator) analyzes the prices of the specified period of bars and shows probable direction change (correction). The growth and decline of values ​​above and below zero, as well as zero crossing are marked with different colors. Four standard smoothing types are available in the indicator (SMA, EMA, SMMA, LWMA). The minimum value of the calculation period and the smoothing period is limited to 3. Zero crossing or color change can be interpreted as an entry signal.


  • AnalyzePeriod - period for analysis
  • SmoothingPeriod - smoothing period
  • SmoothingMethod - smoothing method
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Version 1.3 2020.08.03
Fixed displaying empty values.
Version 1.2 2020.07.25
The code was optimized for the current version of the terminal.
Version 1.1 2016.03.17
Added new smoothing methods (total 26).