TrendlessAG - Indicator for MetaTrader 4

The indicator refers to an oscillators group. It’s a moving average, that repeats the price movement and moves in a range limited by overbought and oversold zones. In settings you can change the following parameters:

1. MA period (default 7).
2. The number of bars used in calculations of oversold/overbought levels (default is 600).
3. Number of indicator points between levels +/- 100 in percentage (default 90%).