Hurst oscillator. Two indicators: Hurst oscillator and Hurst bands are described in Jim Hurst's "The Magic of Stock Transaction Timing" book
The indicator has two input parameters:
Calculation:
HO = MA - CMA[Period/2-1]
where:
CMA = SMA(PRICE_MEDIAN, Period) MA = SMA(FlowValue, Smoothing)
FlowValue = High
FlowValue = Low
FlowValue = (High+Low)/2

Fig. 1. Hurst oscillator

Fig. 2. Hurst oscillator and Hurst bands
Tradotto dal russo da MetaQuotes Ltd.
Codice originale https://www.mql5.com/ru/code/22199
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