Rahul_Mohindar_Osc - MetaTrader 5 Script - MT4/MT5 Resources

The Change Management Organization remotely developed Oscillator by Rahul Mohindar. The indicator is implemented in the form of a color histogram with signal pointers.

It has four inputs:

 RMO = EMA(SwingTrd, third EMA period)
SwingTrd = 100.0 * (price-MA_Avg) / (max-min)
MA_Avg = (MA1+MA2+MA3+MA4+MA5+MA6+MA7+MA8+MA9+MA10)/10
MA10= (MA9+previous MA9)/2
MA9 = (MA8+previous MA8)/2
MA8 = (MA7+previous MA7)/2
MA7 = (MA6+previous MA6)/2
MA6 = (MA5+previous MA5)/2
MA5 = (MA4+previous MA4)/2
MA4 = (MA3+previous MA3)/2
MA3 = (MA2+previous MA2)/2
MA2 = (MA1+previous MA1)/2
MA1 = (application price + last application price)/2
Max and Min are the highest and lowest prices in the range from (current bar + 10) to the current bar.


Figure 1. Rahul Mohindar Oscillator


Figure 2. Rahul Mohindar Oscillator + RMO
 Attachment download
 📎 rahul_mohindar_osc.mq5 (15.96 KB)
 Source: MQL5 #22202