FX_Trend - indicateur pour MetaTrader 5

Crossing the level of 50.0 and divergence of the oscillator graph and price chart can serve as signals.

Calculation:

FXT = K * ((Close-L1) / (D1*Small range)+(Close-L2) / (D2*Middle range)+(Close-L3) / (D3*Big range))

where:

D1 = H1 - L1
D2 = H2 - L2
D3 = H3 - L3
L1, H1 - the lowest and the highest prices in the Small range
L2, H2 - the lowest and the highest prices in the Middle range
L3, H3 - the lowest and the highest prices in the Big range
K = 100.0 / (1/Small range+1 / Middle range+1 / Big range)