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Published:

2013.10.18 12:37

Updated:

2016.11.22 07:32

filteroverwpr.mq5 (6.61 KB) view

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Real author:

Indoforex Groups - Primajaya

An indicator of trend power with four states.

The Stochastic oscillator is used as the source of signals. A strong upward trend is marked as a blue bar, a weak upward trend is pale green. A strong falling trend is colored red, a weak falling trend is ginger.

This indicator was first implemented in MQL4 and published in the Code Base at mql4.com on 26.02.2008.

Fig. 1 The FilterOverWPR indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1878

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FilterOverWPR - indicator for MetaTrader 5