The XFisher_org_v1 is an oscillator designed as a colorful histogram that incorporates trading volumes to enhance your analysis.
Calculation Formula:
When using this modified oscillator, it’s crucial to adjust the overbought and oversold levels based on the same formula. Keep in mind that these levels aren’t set in stone; they can fluctuate based on market conditions.
input int HighLevel=+150; // Overbought level input int LowLevel1=-150; // Oversold level
In the input settings for the indicator, these levels correspond to the Fisher_org_v1 values multiplied by 100. During each tick of the indicator, these levels are adjusted by the smoothed volumes as calculated using the same formula.
This indicator utilizes classes from the SmoothAlgorithms.mqh library (make sure to copy it to <terminal_data_folder>\MQL5\Include). You can find detailed information on using these classes in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Fig.1. The XFisher_org_v1_Vol indicator
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