Indicator ASO (Average Sentiment Oscillator) displays the general market climate.
It has four configurable parameters:
Calculations:
Bulls = MA(BL, Smoothing period, Method) Bears = MA(BR, Smoothing period, Method)
where:
Combined Mode:
BL = (IBL+GBL)/2 BR = (IBR+GBR)/2
Intra-bar Mode:
BL = IBL BR = IBR
Group Algorithm Mode:
BL = GBL BR = GBR IBL = 50 * (Close - Low + High - Open)/(High - Low) IBR = 50 * (High - Close + Open - Low)/(High - Low) GBL = 50*(Close - GL + GH - GO)/(GH - GL) GBR = 50*(GH - Close + GO - GL)/(GH - GL)

Fig 1. Combined Mode

Fig. 2. Intra-bar Mode

Fig. 2. Group Algorithm Mode
Tradotto dal russo da MetaQuotes Ltd.
Codice originale https://www.mql5.com/ru/code/21159
SymbolX_Candle
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DMX
Indicator DMX (Bipolar DMI) is calculated using the standard indicator ADX. However, as compared to that, it displays data as an oscillator with a signal line, and has shorter delay.