BW-ZoneTrade Indicator
The idea of this indicator has been proposed by Bill Williams in his book "New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds and Commodities".
It shows the "fourth dimension" of the market - it paints the bar charts with different colors (green, grey and red) depending on the current market momentum (1st derivative) and price acceleration (2nd derivative), which calculated by Awesome Oscillator (AO) и Accelerator Oscillator (AC).
Original:
https://www.mql5.com/en/code/17
The indicator comes with metatrader in "Examples". Use that one, anyway, if you need it, you can use this one.
BW-ZoneTrade.ex5
BW-ZoneTrade.mq5
In the configuration there are two configurations, in Custom #1 as BW-ZoneTrade-Direction and in Custom #2 as BW-ZoneTrade-Signal
#1
#2
Config: