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Views:: 3496
Rating:: (9)
Published:: 2018.07.13 15:51

CMH.mq5 (10.71 KB) view

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Indicator CMH (Clear Method Histogram) displays a color histogram of the current market trend. It is calculated by the "pure" method (without using any other indicators, only price) and has no configurable parameters.

Calculations:

If Swing > 0:
```
CMH = High - HL
```
Color - blue
If Swing < 0:
```
CMH = LH - Low
```
Color - pink

where:

HH = Maximum(High, PrevHH)
LH = Minimum(High, PrevLH)
HL = Maximum(Low, PrevHL)
LL = Minimum(Low, PrevLL)

If Swing > 0 and High < HL:
```
Swing = -1
LL = Low
LH = High
```
If Swing < 0 and Low > LH:
```
Swing = 1
HH = High
HL = Low
```
Otherwise, if High < HL:
```
Swing = -1
LL = Low
LH = High
```
Otherwise, if Low > HL:
```
Swing = 1
HH = High
HL = Low
```

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21271

Indicator VC (Volatility Channel by Larry Williams).

TTF

Oscillator TTF (Trend Trigger Factor) was developed as a method to identify market trends and reversals.

CMC

Indicator CMC (Clear Method Candles) displays colored candlesticks, based on the existing market trend. It is calculated by the "pure" method (without using any other indicators, only price) and has no configurable parameters. It is based on indicator Clear Method Histogram.

CRF

Indicator CRF (Cumulative Rotation Factor) displays the states of the market: Uptrends/downtrends/consolidation.

CMH - indicator for MetaTrader 5