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Views:: 4150
Rating:: (13)
Published:: 2016.10.10 15:31
Updated:: 2023.03.29 13:47

i-CAiChannel_System_Digit.mq5 (15.37 KB) view

\MQL5\Include\

SmoothAlgorithms.mqh (130.2 KB) view

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Real author:

Alexander Piechotta

The indicator implements a breakthrough system using the i-CAiChannel channel.

When price exits the gray channel, the bar color changes to the color corresponding to trend direction. Green for the growth of a financial asset, pink color - fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.

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".

Fig.1. The i-CAiChannel_System_Digit indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16014

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