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Dominant_Color.mq5 (12.44 KB) view

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This trend oscillator displays the dominant direction of Close prices of candlesticks over the specified period.

It has two parameters:

Calculation:

DC = MA(Diff)

where

Diff = Close - Open

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20441

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Dominant_Color - indicator for MetaTrader 5