Breakdown oscillator is based on the observation that the longer the price stays within the lower Bollinger Bands line, the higher the probability of its falling.
It has six input parameters:
Calculation:
Breakdown = 100.0 * EMA / Bottom
where:
EMA = EMA(Difference,Period) Difference = Applied price - Bottom + Slope factor * (SMA-PrevSMA) Bottom = SMA - Deviation * StdDev StdDev - StandardDeviation(Applied price,Band period) SMA = SMA(Applied price,Period)

Fig. 1. Breakdown oscillator

Fig. 2. Breakdown oscillator+Bollinger Bands
Tradotto dal russo da MetaQuotes Ltd.
Codice originale https://www.mql5.com/ru/code/22343
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