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

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No trend indicator (oscillator) based on the book "Trading with DiNapoli Levels" by Joe DiNapoli and produced as a colored histogram. Additionally, the final indicator is smoothed.

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.

Figure 1. TrendlessAG_Hist indicator

Attachment download

📎 smoothalgorithms.mqh (130.19 KB)

📎 trendlessag_hist.mq5 (10.65 KB)

Source: MQL5 #12585