SR-RateIndicator: A Normalized Trend Oscillator
Summary
The SR-RateIndicator is a trend oscillator displayed as a histogram, with values normalized to a range from negative one hundred to positive one hundred. Histogram color indicates trend direction. Two configurable thresholds mark the high and low levels at which the trend is treated as valid, while a window-size input controls the width of the calculation period.
The document identifies the indicator’s author and notes that an earlier implementation appeared in an MQL4 code library. It does not explain the calculation formula, show market examples, or report testing results. The thresholds and window size are configuration details, not evidence that signals are profitable or reliable across instruments and timeframes.
Key ideas
- The indicator presents a normalized trend reading as a histogram spanning negative one hundred to positive one hundred.
- Color communicates the indicated trend direction.
- High and low threshold inputs define when the trend is considered valid.
- A window-size input sets the width of the calculation period.
- The document provides no formula or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.