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Published:
2016.02.08 15:03
Updated:
2016.11.22 07:32
\MQL5\Include\
colorbulls.mq5 (8.14 KB)view

A usual Bulls Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram. Additionally, smoothing of the resulting indicator is performed.

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".

Figure 1. The ColorBulls indicator

Figure 1. The ColorBulls indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14272

TripleBolling_Modified TripleBolling_Modified

The indicator draws three pairs of the Bollinger Bands with a default standard deviation rate of 2, 3 and 4, respectively. Modified to accept all Bollinger Bands parameters.

PricePercentRange PricePercentRange

Price(%)Range is the indicator for the MetaTrader 5, which calculates the price movement based on percentage High (Highest) and Low (Lowest) Price on 100 bars.

ColorBears ColorBears

A usual Bears Power with the option of selecting Open, Close, High, Low price type for calculation as a colored histogram.

ColorBearsCandle ColorBearsCandle

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