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- Published:
- 2014.07.08 12:43
- Updated:
- 2023.03.29 13:45
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Chaikin Oscillator with the market flat state detection option. If the market is flat, the colored indicator cloud shrinks and is located in the 0 position, and a thick gray line appears.
The criterion for determining this state is a shrunk Bollinger. The critical Bollinger shrink value is fixed by a half of its bandwidth and defined in the indicator input:
input uint flat=100; // flat value in points
Figure 1. The CHOWithFlat indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/11321
![SRm_Cloud](https://c.mql5.com/i/code/indicator.png)
The indicator utilizes the idea of finding possible resistance and support levels for a period defined in the indicator input parameters, similar to the use of GSV.
![SR_Cloud](https://c.mql5.com/i/code/indicator.png)
The indicator utilizes the idea of finding possible resistance and support levels, similar to the use of GSV.
![CHOWithFlat_HTF](https://c.mql5.com/i/code/indicator.png)
The CHOWithFlat indicator with the timeframe selection option available in input parameters.
![RVIWithFlat_HTF](https://c.mql5.com/i/code/indicator.png)
The RVIWithFlat indicator with the timeframe selection option available in input parameters.