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- 7346
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- Published:
- 2012.12.11 15:07
- Updated:
- 2016.11.22 07:32
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The real author:
Ilya Filatov
Two lines are channel averages created by High and Low price values for different periods displayed as clouds. Two indicator buffers and two indicator lines are added into the 2MoHLC_ indicator for a visual drawing of the indicator.
This indicator was first implemented in MQL4 and published in CodeBase on mql4.com on 24.06.2010.
Fig.1 The 2MoHLC indicator
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1153

The Expert Advisor used on such indicators as the Moving Average, the CCI, stochastic

The smoothed and slower version of the True MFI indicator.

The Expert Advisor analyses many Moving Averages from three timeframes

Rise or fall in prices is often preceded by increased activity of trading. The True MFI indicator tries to use this factor.