ASO - MetaTrader 5 Script - MQL5 #21159 | Forex Indicator Download - MT4/MT5 Resources

The indicator ASO (Average Sentiment Oscillator) shows the overall market sentiment.

It has four configurable parameters:

 Bulls = MA(BL, smoothing period, method)
Bear = MA(BR, smoothing period, method)

Where:

 BL = (IBL+GBL)/2
BR = (IBR+GBR)/2

Intra-bar mode:

 BL=IBL
BR=IBR

Grouping algorithm mode:

 BL=GBL
BR = UK IBL = 50 * (Closing Price - Lowest Price + Highest Price - Opening Price) / (Highest Price - Lowest Price)
IBR = 50 * (highest price - closing price + opening price - lowest price)/(highest price - lowest price)
GBL = 50*(Closing Price - GL + GH - GO)/(GH - GL)
GBR = 50*(GH - Closing Price + GO - GL)/(GH - GL)

• GO - open a position within the range;
• GL - the minimum value of the highest value in the range;
• GH - The lowest maximum value within the range period.