Extended price cycle oscillator MT5

The indicator analyzes the specified period of bars, searching for the probable rise/fall cycles. A return of the values back from the upper or lower level may indicate a reversal moment of the cycle. An optional 10-level digital filtering is used for additional smoothing. The changes in the oscillator line direction can be additionally marked with "arrows" (dots by default).

Parameters

• Calculation period - calculation period;
• Prev value calc coef - coefficient of "impact" of the previous value;
• Digital filter mode - digital smoothing level;
• Show up/down arrows - enable additional display of the rise/fall of values;
• Arrow up symbol code - code of the rise symbol;
• Arrow down symbol code - code of the fall symbol;
• Show indicator name - enable the display of setting values in the indicator name;
• Additional precision - additional precision.