Forex Stone Axe x3x Indicator

Forex Stone Axe x3x Indicator:

Three normalized oscillators on one chart.

The formula for the calculation:

StoneAxe(bar) = 200 * ( Close[bar] – Lowest(bar, period) ) / ( Highest(bar, period) – Lowest(bar, period) ) – 100

This indicator was first implemented in MQL4 and published in the Code Base at mql4.com on 02.02.2008.

Test results:

Forex Stone Axe x3x Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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