RAVI_Histogram - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This Range Action Verification Index indicator is implemented in the form of a histogram of the current trend strength and direction. The histogram is colored according to the input parameter value of the breakout level:

 Enter double the super high level = + 0.3 ; // maximum trend level
Enter double high level = + 0.1 ; // strong trend level
Enter double low level = - 0.1 ; // weak trend level
Enter double ultra low level = - 0.3 ; // lowest trend level

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

The indicator was originally written in MQL4 and first published in the code base on February 15, 2008.

Figure 1. RAVI_Histogram indicator

Attachment download

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 RAVI_Histogram.mq5 (9.32 KB)

Source: MQL5 #16082