Glitch_Index - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Glitch_Index is an indicator that shows the index of price deviations from its mean. It was published in the February 2004 issue of Active Trader magazine.
It has four input parameters:
Burr index[i] = 100 * diff[i] / price[i]
Where:
diff[i] = application price[i] - smamult[i] smamult[i] = MA(i)*((MA(i) - MA(i-ROC period)) * 0.1+1)
MA - moving average, the calculation period is MA period, and the calculation method is MA method.
Attachment download
📎 glitch_index.mq5 (9.6 KB)
Source: MQL5 #20801
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