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Published:

2014.07.08 12:43

Updated:

2023.03.29 13:45

CHO.mq5 (7.01 KB) view

CHOWithFlat.mq5 (10.12 KB) view

\MQL5\Include\

smoothalgorithms.mqh (134.03 KB) view

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Chaikin Oscillator with the market flat state detection option. If the market is flat, the colored indicator cloud shrinks and is located in the 0 position, and a thick gray line appears.

The criterion for determining this state is a shrunk Bollinger. The critical Bollinger shrink value is fixed by a half of its bandwidth and defined in the indicator input:

input uint flat=100; // flat value in points

Figure 1. The CHOWithFlat indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/11321

SRm_Cloud

The indicator utilizes the idea of finding possible resistance and support levels for a period defined in the indicator input parameters, similar to the use of GSV.

SR_Cloud

The indicator utilizes the idea of finding possible resistance and support levels, similar to the use of GSV.

CHOWithFlat_HTF

The CHOWithFlat indicator with the timeframe selection option available in input parameters.

RVIWithFlat_HTF

The RVIWithFlat indicator with the timeframe selection option available in input parameters.

CHOWithFlat - indicator for MetaTrader 5