Real author:

Evil corp. Ltd

A simple oscillator that shows the speed of the MACD indicator change implemented as a two-colored histogram.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Fig.1. The PA_Oscillator indicator