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.
In many situations, such approach may be more informative for the purpose of analysis.
This indicator requires the compiled indicator file MA_Rounding.ex5. Place it in <terminal_data_folder>\MQL5\Indicators.
Fig.1. The MA_RoundingCandle indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14082
The MA_Rounding indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.MA_Rounding_HTF
The MA_Rounding indicator with the timeframe selection option available in the input parameters.
The indicator draws averaged candlesticks of a larger timeframe as color filled rectangles using DRAW_FILLING buffers.Background_MA_Rounding_Candle_HTF
The indicator draws MA_Rounding_Candle indicator candlesticks of a higher timeframe as color filled rectangles using DRAW_FILLING buffers.