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2015.11.04 07:24
Indicators

MA_RoundingStDev - indicator for MetaTrader 5

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\MQL5\Include\

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BACKSPACE

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

If the standard deviation of the MA_Rounding indicator is between the dK1 and dK2 parameter values, then a small colored dot appears on the moving average. Its color corresponds to the current trend direction.

input double dK1=1.5;  // Square-law filter coefficient 1
input double dK2=2.5;  // Square-law filter coefficient 2

If the standard deviation becomes higher than the dK2 input parameter value, then the dot size increases. Thus, we get 3 levels of trend strength indication:

  1. Weak — no dots;
  2. Medium — small colored dots;
  3. Strong — big colored dots.

The indicator uses the СMoving_Average and CXMA classes of the SmoothAlgorithms.mqh library. Working with that class was described in details in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Fig.1. The MA_RoundingStDev indicator

Fig.1. The MA_RoundingStDev indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14081

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The MA_Rounding indicator with the timeframe selection option available in the input parameters.

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

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