Trend Range - indicatore per MetaTrader 5

The oscillator indicator draws a histogram (with border levels at two moving averages on the indicator histogram) showing three market states: a trend, a moderate or fading trend and a flat.

1. If the histogram bar (blue) is above the upper level (blue line), then there is a strong movement in the market;
2. If the histogram bar (red) is between the upper and lower levels (between the blue and red lines), then there is either a moderate or fading trend;
3. If the histogram bar (gray) is below the lower level (below the red line), then the market movement is weak and flat.

The indicator has three input parameters:

• Period - calculation period;
• Method - smoothing method;
• Deviation - deviation for the calculation of threshold levels.