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Views:: 3073
Rating:: (16)
Published:: 2016.02.08 16:35
Updated:: 2023.03.29 13:45

metro.mq5 (9.69 KB) view

vkw_bands_modify_candle.mq5 (12.18 KB) view

\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

Download as ZIP, How to download code from MetaEditor

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Real author:

Alksnis Gatis

The VKW_Bands_Modify indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the VKW_Bands_Modify indicator algorithm.

In many situations, such approach may be more informative for the purpose of analysis.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

This indicator requires the compiled indicator file METRO.ex5. Place it in <terminal_data_folder>\MQL5\Indicators.

Figure 1. The VKW_Bands_Modify_Candle indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14429

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VKW_Bands_Modify_Candle - indicator for MetaTrader 5