Recommendations from the author:

• This indicator can be most useful for advisers in identifying favorable or unfavorable trading conditions based on their strategies
• The values ​​of this indicator are recommended to consider on higher timeframes. For example, the last few values ​​on GBPUSD M15 are below the level of 0.4 (screenshot №1), by opening GBPUSD M1 we will see the flat market (screenshot №2). Similarly, we look at the last several indicator values ​​on USDJPY D1 which are above the level of 0.4 (screenshot №3), opening the USDJPY H4 we will see the trend market (screenshot №4)
• On some symbols and timeframes, it is not necessary to indicate a high indicator period value - because of this, it may not respond to changes in a timely manner and, in general, its values ​​will be smoother (screenshot №5)
  

Version for MT5 - https://www.mql5.com/en/market/product/37168

Open source code - https://www.mql5.com/ru/code/25600

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