The variant of the UltraFatl indicator which can be placed by fixing timeframe of the indicator on a value different from the chart timeframe.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging price series for intermediate calculations without using additional buffers".
Place the UltraFatl.mq5 indicator to the terminal_data_folder\MQL5\Indicators.
Fig.1 The UltraFatl_HTF indicator.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1237
This indicator colors candlesticks in accordance with the color of the UltraFatl indicator histogram.Exp_Extremum
Trading system using the Extremum indicator