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

An oscillator that indicates cyclical changes in the market.

It has seven tunable parameters:

 if AvgDec != 0
RS = average increase/average decrease otherwise RS = 0
AvgDec = EMA(Dec, RSI period)
AvgInc = EMA(Inc, RSI period)
if Z3 > previous Z3
Inc = Z3 - PrevZ3, Dec = 0
if Z3 < previous Z3
Dec = PrevZ3 - Z3, Inc = 0

 Avg2MA3 = EMA(AvgMA3, smoothing period)
AvgMA3 = EMA((Z1 - Z2), smoothing period)
Z2 = 2.0 * MA2 - average MA2
Z1 = 2.0 * MA1 - average MA1
AvgMA2 = EMA(MA2, first MA period)
AvgMA1 = EMA(MA1, first MA period)
MA2 = EMA (applied price, second MA period)
MA1 = EMA(applied price, first MA period)