ColorStepXCCX – indicator MetaTrader 5

Color StepXCCX
Symmetrical normalized oscillator inspired by ideas from TrendLaboratory Ltd website. The color depends on the current trend direction. The signals must be filtered using additional trend indicator (e.g., some type of the moving average). Smoothing algorithm can be changed in this indicator: SMA – simple moving average; EMA – exponential moving average; SMMA – smoothed