LUA Original: viewtopic.php?f=17&t=1866
Description:
This oscillator is the classic histogram achieved by the difference of two moving averages, although in this case using the following formula:
Current_Histogram_Bar = (LWMA/SMA)-1;
Based on the LUA indicator found here: viewtopic.php?f=17&t=1866
For illustration purposes the two main chart moving averages were added to the candles as well.
LWMA_MA.mq4- (1.91 KiB) Downloaded 797 times
