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Published:

14 August 2015, 16:16

Updated:

29 March 2023, 13:45

colorschafftrendcycle.mq5 (12.15 KB) view

colorschafftrendcyclecandle.mq5 (9.72 KB) view

\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

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

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

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

Fig.1. The ColorSchaffTrendCycleCandle indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/13500

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