The TEMA_CUSTOM indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the TEMA_CUSTOM algorithm.
In many situations, such approach may be more informative for the purpose of analysis.
This indicator requires the compiled indicator file TEMA_CUSTOM.ex5. Place it in <terminal_data_folder>\MQL5\Indicators.
Fig.1. The TEMA_CUSTOMCandle indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/13934
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.