The ColorSchaffRSITrendCycle indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the ColorSchaffRSITrendCycle algorithm.
In many situations, such approach may be more informative for the purpose of analysis.
This indicator requires the compiled indicator file ColorSchaffRSITrendCycle.ex5. Place it in <terminal_data_folder>\MQL5\Indicators.
Fig.1. The ColorSchaffRSITrendCycleCandle indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13498
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.