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2015.12.04 09:43
Indicators

EMVCandle - indicator for MetaTrader 5

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\MQL5\Include\
emv.mq5 (7.43 KB)view
emvcandle.mq5 (8.74 KB)view

Ease of Movement indicator implemented as a sequence of candlesticks. Candlesticks appear as a result of relevant price timeseries processed by the EMV algorithm.

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

Fig.1. The EMVCandle indicator

Fig.1. The EMVCandle indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14149

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