When dealing with small time frames, the spread value is important. For example, to set a buy stop based on the chart, you need to visually estimate the bid-ask spread.
This indicator draws the upper shadows of candles so that the Ask price (i.e. High=Ask) can be seen in the chart. Now the spread is clearly visible!
Fig.1 The BidAskChannel Indicator
This indicator was first implemented in MQL4 and published in Code Base at mql4.com 14.06.2011.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1034
The Squize_MA indicator displays the intersection of two Moving Averages with different averaging periods. The chart also features conventional flat limits.3rd Generation XMA
3rd Generation XMA is the 3rd generation moving average. This is an advanced version of the standard moving average indicator (МА) that follows a fairly simple procedure to reduce the time lag based on the increase in the moving average period.