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Using the AFL Winner Oscillator to Identify Trend Reversals

Article MQL5 code base
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Summary

The document describes an oscillator ported from AmiBroker Formula Language to MQL4. It presents the indicator as a trend-identification tool, using characteristic turning points within a 0-to-100 range to signal possible changes in direction.

For intraday use, it recommends shortening the Period and Average inputs, giving 2 and 4 as example settings. The document offers no chart, backtest, or performance evidence, and it does not explain how the turning points are calculated or specify entry, exit, or risk rules. The suggested settings should therefore be treated as an example rather than a validated intraday configuration.

Key ideas

  • The oscillator is intended to identify trends through turning points in a 0-to-100 indicator range.
  • The document describes a conversion from AmiBroker Formula Language to MQL4.
  • Shorter Period and Average settings are suggested for intraday trading.
  • No performance evidence or complete trading rules are provided.

Tags

Technical indicatorsTrend following

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.