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2015.12.04 10:28
XMA_Range_Channel

XMA_Range_Channel - indicator for MetaTrader 5

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votes: 18
\MQL5\Include\

Description:

The channel formed by two averages drawn on smoothing of High and Low price series. Candlesticks outside the channel limits are marked with color according to the trend. Candlesticks with the trend have bright fill color, ones against the trend - dark fill color.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Image:

Fig.1. The XMA_Range_Channel indicator

Fig.1. The XMA_Range_Channel indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14212

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