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You liked the script? Try it in the MetaTrader 5 terminal

\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

rainbow.mq5 (10.71 KB) view

rainbow_htf.mq5 (13.9 KB) view

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The Rainbow indicator with the timeframe selection option available in the input parameters:

input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;  // Indicator chart period (timeframe)

This indicator requires Rainbow.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.

Fig.1. The Rainbow_HTF indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/13032

Rainbow

Sixty Moving Averages with gradually changing period on a single chart.

The Chande Momentum Oscillator indicator with the timeframe selection option available in the input parameters.

ChandelExitSign

Semaphore signal indicator triggering when the ChandelExit indicator cloud changes its color.

ChandelExit_HTF_Signal

The ChandelExit_HTF_Signal indicator shows a trend direction or a signal based on the ChandelExitSign indicator.

Rainbow_HTF - indicator for MetaTrader 5