Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Indicators

Candle_Ratio - indicator for MetaTrader 5

Views:
3968
Rating:
(9)
Published:
2018.06.06 13:08
Candle_Ratio.mq5 (14.15 KB) view
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The indicator shows the ratio between bullish and bearish candlesticks over the specified period.

The indicator has three input parameters:

  • Period - calculation period
  • Smoothing period - the period of smoothing
  • Method - the method of smoothing

Calculation formula:

Up Candle

Up=close-open; Down =0;

Down Candle

Down=open-close; Up = 0;

Ratio = Sum(Up) / Sum (Down);

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20330

Bogie Bogie

An oscillator indicator of probable reversals

BO BO

The Blast Off oscillator indicator

DMA DMA

Dynamic Moving Average

Drive Drive

The indicator of candlestick direction ratio