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2015.05.20 15:33

QQECandle - indicator for MetaTrader 5

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votes: 15
qqecloudx.mq5 (8.95 KB)view
qqecandle.mq5 (10.92 KB)view

The QQE indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the QQE algorithm.

In many situations, such approach may be more informative for the purpose of analysis.

input mode Mode=MODE_DIFF; // Algorithm variant

Depending on the value of Mode input parameter, the indicator uses one of the three methods of calculation:

  1. Calculation by the main line;
  2. Calculation by the signal line;
  3. Calculation by the difference between the main and signal lines.

This indicator requires the compiled indicator file QQECloudX.ex5. Place it in <terminal_data_folder>\MQL5\Indicators.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <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".

Fig.1. The QQECandle indicator

Fig.1. The QQECandle indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

Ozymandias_Lite Ozymandias_Lite

Simplified version of Ozymandias with price band lines removed.

ColorHMA_StDev ColorHMA_StDev

The ColorHMA indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.


Semaphore arrow signal indicator based on the QQE oscillator.

BackgroundCandle_QQECloudX_HTF BackgroundCandle_QQECloudX_HTF

The indicator draws candlesticks of a larger timeframe as color filled rectangles based on the QQECloudX indicator values.