Metatrader 5 Indicators | FilterOverWPR | MQL5 Code

New free code from MQL5: indicators, EAs, and scripts for traders.

Real author:

Indoforex Groups - Primajaya

An indicator of trend power with four states.

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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

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