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

A simple oscillator based on the values ​​of the iStochastic, iRSI and iMomentum indicators and implemented in the form of a two-color histogram.

Indicator calculation formula:

The growth of financial assets is usually accompanied by the growth of indicators and the green color of the histogram. If the indicator is falling and the histogram is pink, the asset is considered to be falling. The best time to execute a trade is when the histogram bars change color.

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). These classes average price series for intermediate calculations without using additional buffers, as detailed in the article.

Figure 1. KWAN_NRP indicator.

Attachment download

📎 KWAN_NRP.mq5 (18.88 KB)

📎 SmoothAlgorithms.mqh (130.2 KB)

Source: MQL5 #20102