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.