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3630

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Published:

2016.02.08 15:05

Updated:

2023.03.29 13:45

colorbears.mq5 (8.15 KB) view

\MQL5\Include\

smoothalgorithms.mqh (130.19 KB) view

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A usual Bears 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 ColorBears indicator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14273

ColorBulls

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

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.

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.

ColorBullsCandle

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

ColorBears - indicator for MetaTrader 5