The indicator is compilation of Moving Average, CCI, ADX и Fibonacci levels.
Formulas:
CMx[i] = CCI[i]*ADX[i]/(L*K), where
ADX[i] - Average Directional Movement Index with Period as Length,
CCI[i] = (Diff[i]-mean)/(meandev*0.015),
mean, meandev - mean and mean deviation of Diff at range from (i-K_Period+1) to i,
Diff[i] = EMA[i]-EMA_K[i],
EMA - exponential moving average with Period as Length,
EMA_K - exponential moving average with K_Period as Length,
K_Period = Period*K.
Download:
MT4/MQ4 version.
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