Market Direction Indicator by Donald Lambert was described in the article "The Market Direction Indicator Anticipating Moving Average Crossovers" of "Stocks & Commodities" magazine.
The indicator has five input parameters:
Rising indicator values mean a bearish trend, while falling ones mean a bullish trend, the values included into the +/- Cutoff range are considered neutral.

Fig. 1. Market Direction Indicator

Fig. 2. Market Direction Indicator as an oscillator
Tradotto dal russo da MetaQuotes Ltd.
Codice originale https://www.mql5.com/ru/code/22359
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