The Range Action Verification Index indicator implemented as a histogram of strength and direction of the current trend. The histogram is colored according to the values of input parameters for breakout levels:
inputdouble ExtraHighLevel=+0.3;Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â // Maximum trend levelinputdouble HighLevel=+0.1;Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â // Strong trend levelinputdouble LowLevel=-0.1;Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â // Weak trend levelinputdouble ExtraLowLevel=-0.3;Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â // Minimum trend level
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”.
Originally this indicator has been written in MQL4 and was first published in the Code Base on 15.02.2008.
