Drive – indicator MetaTrader 5

The oscillator indicator shows a ratio between bullish and bearish candlesticks over the selected period.

It has two parameters:

  • Period – calculation period
  • Method – the method of smoothing

Indicator calculation:

Up (Green) = ((High - Open) + (Close - Low))/2, the average value over the selected period;

Down (Red) = ((Open - Low) + (High - Close))/2, the average value over the selected period.


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Alternative:   Karpenko_HTF - indicator MetaTrader 5